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OTWELL, IN 47564

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

Market Analysis

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

The OTWELL, IN real estate market (47564) currently shows 2 active listings. Homes are averaging 141 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 141 days on market compared to 53 days last year.

The median listing price has fallen 35.7% year-over-year, from $315,000 to $202,450.

Whether you are buying or selling in OTWELL, 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: 1,497  ·  Density: 15.0/mi²  ·  Median household income: $55,909

Typical home value: $158,759  ·  Homeownership: 79.7%

Market Overview

Active Listings
2
⇧ 100% vs 1 last year
Pending
0
0% pending ratio
Median Price
$202,450
⇩ 35.7% vs $315,000 last year
Average Price
$202,450
⇩ 35.7% vs $315,000 last year
Days on Market
141
⇧ 166% vs 53 days last year

Price Per Square Foot

Median $/sqft
$89
⇩ 61.6% vs $232/sqft last year
Median Home Size
2,463 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 1 last year
  • Days on market: 141 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $202,450 (-35.7% YoY)
  • Average: $202,450 (-35.7% 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 23.8 miles — 67 listings ($23,874,629 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47564Otwell, IN 475640.0 mi3$607,350$202,450$202,450
47590Velpen, IN 475908.9 mi1$225,000$225,000$225,000
47519Cannelburg, IN 475199.9 mi2$4,609,900$2,304,950$2,304,950
47558Montgomery, IN 4755811.6 mi6$2,286,252$379,000$381,042
47542Huntingburg, IN 4754214.4 mi19$5,360,223$261,175$282,117
47585Stendal, IN 4758515.3 mi1$335,500$335,500$335,500
47597Wheatland, IN 4759715.8 mi1$540,000$540,000$540,000
47527Dubois, IN 4752717.2 mi4$1,649,800$412,450$412,450
47521Celestine, IN 4752120.8 mi1$330,000$330,000$330,000
47581Shoals, IN 4758121.5 mi4$1,130,600$298,500$282,650
47568Plainville, IN 4756821.5 mi1$419,900$419,900$419,900
47532Ferdinand, IN 4753222.1 mi8$4,262,184$334,750$532,773
47512Bicknell, IN 4751223.8 mi16$2,117,920$105,925$132,370

Frequently Asked Questions

How many homes are for sale in OTWELL, IN 47564?

As of March 2026, there are 2 active listings in OTWELL, IN (zip code 47564), compared to 1 the prior year.

What is the median home price in OTWELL, IN 47564?

The median listing price in OTWELL, IN 47564 is $202,450 as of March 2026, a 35.7% decrease from $315,000 the prior year.

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

Homes in OTWELL, IN 47564 spend an average of 141 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in OTWELL, IN 47564?

Based on current inventory and days-on-market data as of March 2026, OTWELL, IN 47564 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 141 days on market compared to 53 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OTWELL, IN 47564 save an estimated $4,049 compared to a typical 5% commission on the median listing price of $202,450. 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.