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OAKTOWN, IN 47561

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

Market Overview

Active Listings
6
⇧ 100% vs 3 last year
Pending
2
33% pending ratio
Median Price
$122,400
⇩ 15.5% vs $144,925 last year
Average Price
$159,900
⇧ 12.9% vs $141,608 last year
Days on Market
73
⇩ 15.1% vs 86 days last year

Market Context

Population: 1,372  ·  Density: 6.9/mi²  ·  Median household income: $41,884

Typical home value: $0  ·  Homeownership: 66.8%

Market Analysis

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

The OAKTOWN, IN real estate market (47561) currently shows 6 active listings, with 2 pending sales. Homes are averaging 73 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 selling faster, averaging 73 days on market compared to 86 days last year.

The median listing price has fallen 15.5% year-over-year, from $144,925 to $122,400.

Whether you are buying or selling in OAKTOWN, 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
  • Listings: 6 this year vs 3 last year
  • Days on market: 73 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $122,400 (-15.5% YoY)
  • Average: $159,900 (+12.9% 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 23.1 miles — 304 listings ($66,654,083 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47561Oaktown, IN 475610.0 mi6$959,400$122,400$159,900
47535Freelandville, IN 475356.6 mi1$58,450$58,450$58,450
47512Bicknell, IN 475128.3 mi18$2,534,346$116,900$140,797
62427Flat Rock, IL 6242712.0 mi1$239,000$239,000$239,000
62439Lawrenceville, IL 6243913.3 mi26$3,993,392$154,700$153,592
47848Dugger, IN 4784815.8 mi8$1,824,400$199,000$228,050
47882Sullivan, IN 4788216.2 mi51$10,733,511$221,950$210,461
47591Vincennes, IN 4759116.7 mi76$17,866,992$179,900$235,092
47441Linton, IN 4744118.9 mi40$9,867,640$194,900$246,691
47501Washington, IN 4750119.5 mi66$16,853,628$209,900$255,358
47443Lyons, IN 4744320.0 mi1$160,000$160,000$160,000
62417Bridgeport, IL 6241720.8 mi2$209,900$104,950$104,950
47879Shelburn, IN 4787923.1 mi8$1,353,424$85,000$169,178

Frequently Asked Questions

How many homes are for sale in OAKTOWN, IN 47561?

As of January 2026, there are 6 active listings in OAKTOWN, IN (zip code 47561), compared to 3 the prior year.

What is the median home price in OAKTOWN, IN 47561?

The median listing price in OAKTOWN, IN 47561 is $122,400 as of January 2026, a 15.5% decrease from $144,925 the prior year.

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

Homes in OAKTOWN, IN 47561 spend an average of 73 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in OAKTOWN, IN 47561?

Based on current inventory and days-on-market data as of January 2026, OAKTOWN, IN 47561 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 73 days on market compared to 86 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OAKTOWN, IN 47561 save an estimated $2,448 compared to a typical 5% commission on the median listing price of $122,400. 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.