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GREENSBURG, IN 47240

Real Estate Market Report  ·  Decatur County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The GREENSBURG, IN real estate market (47240) currently shows 71 active listings, with 28 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 31 days last year.

The median listing price has risen 4.1% year-over-year, from $256,950 to $267,500.

Whether you are buying or selling in GREENSBURG, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 21,755  ·  Density: 27.7/mi²  ·  Median household income: $71,682

Typical home value: $181,910  ·  Homeownership: 72.2%

Market Overview

Active Listings
71
⇧ 34% vs 53 last year
Pending
28
39% pending ratio
Median Price
$267,500
⇧ 4.1% vs $256,950 last year
Average Price
$340,801
⇧ 13.7% vs $299,677 last year
Days on Market
72
⇧ 132.3% vs 31 days last year

Price Per Square Foot

Median $/sqft
$164
⇧ 9.3% vs $150/sqft last year
Median Home Size
1,677 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 71 this year vs 53 last year
  • Days on market: 72 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $267,500 (+4.1% YoY)
  • Average: $340,801 (+13.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.3 miles — 237 listings ($71,731,803 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47240Greensburg, IN 472400.0 mi68$19,478,464$254,725$286,448
47272Saint Paul, IN 472729.7 mi2$404,000$202,000$202,000
47283Westport, IN 4728312.1 mi8$1,778,968$214,350$222,371
46182Waldron, IN 4618213.9 mi5$1,267,415$230,000$253,483
47037Osgood, IN 4703714.0 mi6$1,038,000$174,500$173,000
47246Hope, IN 4724615.4 mi10$4,057,850$332,450$405,785
46150Manilla, IN 4615016.7 mi1$45,000$45,000$45,000
47024Laurel, IN 4702418.4 mi9$1,776,024$119,975$197,336
46173Rushville, IN 4617319.5 mi42$9,364,068$214,300$222,954
47203Columbus, IN 4720319.9 mi62$22,452,928$316,175$362,144
47226Clifford, IN 4722621.0 mi1$210,000$210,000$210,000
47031Milan, IN 4703122.1 mi13$4,409,756$310,000$339,212
47041Sunman, IN 4704122.3 mi10$5,449,330$434,450$544,933

Frequently Asked Questions

How many homes are for sale in GREENSBURG, IN 47240?

As of March 2026, there are 71 active listings in GREENSBURG, IN (zip code 47240), compared to 53 the prior year.

What is the median home price in GREENSBURG, IN 47240?

The median listing price in GREENSBURG, IN 47240 is $267,500 as of March 2026, a 4.1% increase from $256,950 the prior year.

How long do homes stay on the market in GREENSBURG, IN?

Homes in GREENSBURG, IN 47240 spend an average of 72 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in GREENSBURG, IN 47240?

Based on current inventory and days-on-market data as of March 2026, GREENSBURG, IN 47240 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 31 days last year.

How much can I save on real estate commission in GREENSBURG, IN?

With SELL123.com's maximum 3% commission, sellers in GREENSBURG, IN 47240 save an estimated $5,350 compared to a typical 5% commission on the median listing price of $267,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.