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WASHINGTON, IN 47501

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WASHINGTON, IN real estate market (47501) currently shows 67 active listings, with 19 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 78 days on market compared to 112 days last year.

The median listing price has fallen 12.4% year-over-year, from $258,500 to $226,475.

Whether you are buying or selling in WASHINGTON, 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: 18,168  ·  Density: 50.3/mi²  ·  Median household income: $56,901

Typical home value: $152,731  ·  Homeownership: 63.2%

Market Overview

Active Listings
67
⇧ 6.3% vs 63 last year
Pending
19
28% pending ratio
Median Price
$226,475
⇩ 12.4% vs $258,500 last year
Average Price
$254,278
⇧ 2.1% vs $249,133 last year
Days on Market
78
⇩ 30.4% vs 112 days last year

Price Per Square Foot

Median $/sqft
$135
⇧ 5.5% vs $128/sqft last year
Median Home Size
1,441 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 63 last year
  • Days on market: 78 now vs 112 last year

Median & Average Pricing

Year over Year
  • Median: $226,475 (-12.4% YoY)
  • Average: $254,278 (+2.1% 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 23.2 miles — 119 listings ($27,372,625 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47501Washington, IN 475010.0 mi58$15,295,876$220,700$263,722
47558Montgomery, IN 475587.1 mi6$2,286,252$379,000$381,042
47557Monroe City, IN 4755711.0 mi4$1,577,400$426,250$394,350
47512Bicknell, IN 4751211.2 mi16$2,117,920$105,925$132,370
47528Edwardsport, IN 4752813.6 mi2$394,350$197,175$197,175
47529Elnora, IN 4752914.9 mi2$431,500$215,750$215,750
47567Petersburg, IN 4756715.0 mi13$2,140,424$152,975$164,648
47578Sandborn, IN 4757816.0 mi3$597,750$199,250$199,250
47598Winslow, IN 4759819.0 mi8$1,397,736$181,850$174,717
47449Newberry, IN 4744920.9 mi1$220,000$220,000$220,000
47640Hazleton, IN 4764021.4 mi2$335,416$120,000$167,708
47590Velpen, IN 4759021.7 mi1$225,000$225,000$225,000
47838Carlisle, IN 4783823.2 mi3$353,001$120,000$117,667

Frequently Asked Questions

How many homes are for sale in WASHINGTON, IN 47501?

As of March 2026, there are 67 active listings in WASHINGTON, IN (zip code 47501), compared to 63 the prior year.

What is the median home price in WASHINGTON, IN 47501?

The median listing price in WASHINGTON, IN 47501 is $226,475 as of March 2026, a 12.4% decrease from $258,500 the prior year.

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

Homes in WASHINGTON, IN 47501 spend an average of 78 days on the market before going under contract, compared to 112 days the prior year.

Is it a seller's or buyer's market in WASHINGTON, IN 47501?

Based on current inventory and days-on-market data as of March 2026, WASHINGTON, IN 47501 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 78 days on market compared to 112 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WASHINGTON, IN 47501 save an estimated $4,530 compared to a typical 5% commission on the median listing price of $226,475. 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.