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SPICELAND, IN 47385

Real Estate Market Report  ·  Henry County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
vs 3 last year
Pending
1
33% pending ratio
Median Price
$132,450
⇩ 47% vs $249,900 last year
Average Price
$132,450
⇩ 47% vs $249,900 last year
Days on Market
63
⇩ 59.6% vs 156 days last year

Market Context

Population: 1,816  ·  Density: 46.9/mi²  ·  Median household income: $86,429

Typical home value: $120,110  ·  Homeownership: 75.3%

Market Analysis

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

The SPICELAND, IN real estate market (47385) currently shows 3 active listings, with 1 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 63 days on market compared to 156 days last year.

The median listing price has fallen 47% year-over-year, from $249,900 to $132,450.

Whether you are buying or selling in SPICELAND, 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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 63 now vs 156 last year

Median & Average Pricing

Year over Year
  • Median: $132,450 (-47% YoY)
  • Average: $132,450 (-47% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.2 miles — 302 listings ($86,627,891 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47385Spiceland, IN 473850.0 mi3$397,350$132,450$132,450
47352Lewisville, IN 473525.1 mi3$410,799$125,000$136,933
47351Kennard, IN 473516.3 mi4$963,600$249,900$240,900
47362New Castle, IN 473628.1 mi99$20,201,247$174,950$204,053
46115Carthage, IN 461159.0 mi6$1,096,500$225,000$182,750
46127Falmouth, IN 4612710.6 mi2$818,000$409,000$409,000
47388Sulphur Springs, IN 4738812.0 mi2$459,800$229,900$229,900
46056Markleville, IN 4605613.0 mi6$1,556,898$254,500$259,483
46104Arlington, IN 4610414.2 mi2$950,000$475,000$475,000
47386Springport, IN 4738615.6 mi3$524,700$174,900$174,900
47360Mooreland, IN 4736016.2 mi3$307,500$102,500$102,500
47357Milton, IN 4735716.8 mi4$1,006,532$160,000$251,633
46140Greenfield, IN 4614017.2 mi165$57,934,965$300,000$351,121

Frequently Asked Questions

How many homes are for sale in SPICELAND, IN 47385?

As of January 2026, there are 3 active listings in SPICELAND, IN (zip code 47385), compared to 3 the prior year.

What is the median home price in SPICELAND, IN 47385?

The median listing price in SPICELAND, IN 47385 is $132,450 as of January 2026, a 47% decrease from $249,900 the prior year.

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

Homes in SPICELAND, IN 47385 spend an average of 63 days on the market before going under contract, compared to 156 days the prior year.

Is it a seller's or buyer's market in SPICELAND, IN 47385?

Based on current inventory and days-on-market data as of January 2026, SPICELAND, IN 47385 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 63 days on market compared to 156 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPICELAND, IN 47385 save an estimated $2,649 compared to a typical 5% commission on the median listing price of $132,450. 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.