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OAKTOWN, IN 47561

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

Market Analysis

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

The OAKTOWN, IN real estate market (47561) currently shows 5 active listings, with 4 pending sales. Homes are averaging 106 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 taking longer to sell, averaging 106 days on market compared to 71 days last year.

The median listing price has fallen 42.5% year-over-year, from $189,900 to $109,150.

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 Context

Market Context

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

Typical home value: $0  ·  Homeownership: 66.8%

Market Overview

Active Listings
5
⇧ 400% vs 1 last year
Pending
4
80% pending ratio
Median Price
$109,150
⇩ 42.5% vs $189,900 last year
Average Price
$109,150
⇩ 42.5% vs $189,900 last year
Days on Market
106
⇧ 49.3% vs 71 days last year

Price Per Square Foot

Median $/sqft
$107
⇧ 62.1% vs $66/sqft last year
Median Home Size
1,019 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 1 last year
  • Days on market: 106 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $109,150 (-42.5% YoY)
  • Average: $109,150 (-42.5% 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 23.1 miles — 67 listings ($13,842,409 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47561Oaktown, IN 475610.0 mi6$594,828$99,100$99,138
47838Carlisle, IN 478387.6 mi3$353,001$120,000$117,667
47528Edwardsport, IN 475289.1 mi2$394,350$197,175$197,175
62451Palestine, IL 6245113.2 mi4$312,200$92,750$78,050
47578Sandborn, IN 4757813.4 mi3$597,750$199,250$199,250
47861Merom, IN 4786116.0 mi2$158,900$79,450$79,450
47597Wheatland, IN 4759716.3 mi1$540,000$540,000$540,000
47568Plainville, IN 4756816.8 mi1$419,900$419,900$419,900
47529Elnora, IN 4752919.3 mi2$431,500$215,750$215,750
62454Robinson, IL 6245419.8 mi28$6,541,780$234,950$233,635
47557Monroe City, IN 4755720.5 mi4$1,577,400$426,250$394,350
62460Saint Francisville, IL 6246022.3 mi1$127,500$127,500$127,500
47879Shelburn, IN 4787923.1 mi10$1,793,300$158,400$179,330

Frequently Asked Questions

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

As of March 2026, there are 5 active listings in OAKTOWN, IN (zip code 47561), compared to 1 the prior year.

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

The median listing price in OAKTOWN, IN 47561 is $109,150 as of March 2026, a 42.5% decrease from $189,900 the prior year.

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

Homes in OAKTOWN, IN 47561 spend an average of 106 days on the market before going under contract, compared to 71 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 March 2026, OAKTOWN, IN 47561 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 106 days on market compared to 71 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 $2,183 compared to a typical 5% commission on the median listing price of $109,150. 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.