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FARMLAND, IN 47340

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

Market Analysis

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

The FARMLAND, IN real estate market (47340) currently shows 9 active listings, with 6 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 45 days on market compared to 7 days last year.

The median listing price has fallen 28% year-over-year, from $249,900 to $179,950.

Whether you are buying or selling in FARMLAND, 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: 3,073  ·  Density: 22.2/mi²  ·  Median household income: $60,045

Typical home value: $155,208  ·  Homeownership: 78.1%

Market Overview

Active Listings
9
⇧ 50% vs 6 last year
Pending
6
67% pending ratio
Median Price
$179,950
⇩ 28% vs $249,900 last year
Average Price
$222,500
⇩ 11% vs $249,900 last year
Days on Market
45
⇧ 542.9% vs 7 days last year

Price Per Square Foot

Median $/sqft
$114
⇧ 5.6% vs $108/sqft last year
Median Home Size
1,477 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 6 last year
  • Days on market: 45 now vs 7 last year

Median & Average Pricing

Year over Year
  • Median: $179,950 (-28% YoY)
  • Average: $222,500 (-11% 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 19.1 miles — 83 listings ($16,324,724 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47340Farmland, IN 473400.0 mi9$2,052,108$194,900$228,012
47383Selma, IN 473837.3 mi5$3,550,355$607,400$710,071
47358Modoc, IN 473588.8 mi2$314,850$157,425$157,425
47320Albany, IN 473209.8 mi12$2,805,504$197,500$233,792
47373Redkey, IN 4737311.0 mi3$507,249$167,450$169,083
47360Mooreland, IN 4736013.3 mi4$566,284$166,875$141,571
47305Muncie, IN 4730513.4 mi16$1,818,096$112,500$113,631
47355Lynn, IN 4735514.4 mi3$404,700$134,900$134,900
47336Dunkirk, IN 4733615.5 mi18$1,682,658$81,037$93,481
47386Springport, IN 4738616.0 mi2$349,800$174,900$174,900
47346Hagerstown, IN 4734617.1 mi6$1,833,324$166,175$305,554
47361Mount Summit, IN 4736118.1 mi1$159,900$159,900$159,900
47341Fountain City, IN 4734119.1 mi2$279,896$139,948$139,948

Frequently Asked Questions

How many homes are for sale in FARMLAND, IN 47340?

As of March 2026, there are 9 active listings in FARMLAND, IN (zip code 47340), compared to 6 the prior year.

What is the median home price in FARMLAND, IN 47340?

The median listing price in FARMLAND, IN 47340 is $179,950 as of March 2026, a 28% decrease from $249,900 the prior year.

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

Homes in FARMLAND, IN 47340 spend an average of 45 days on the market before going under contract, compared to 7 days the prior year.

Is it a seller's or buyer's market in FARMLAND, IN 47340?

Based on current inventory and days-on-market data as of March 2026, FARMLAND, IN 47340 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 45 days on market compared to 7 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FARMLAND, IN 47340 save an estimated $3,599 compared to a typical 5% commission on the median listing price of $179,950. 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.