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SHOALS, IN 47581

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

Market Overview

Active Listings
3
⇩ 62.5% vs 8 last year
Pending
2
67% pending ratio
Median Price
$195,000
⇩ 13.3% vs $225,000 last year
Average Price
$191,633
⇩ 33.9% vs $289,743 last year
Days on Market
75
⇧ 31.6% vs 57 days last year

Market Context

Population: 3,009  ·  Density: 8.2/mi²  ·  Median household income: $59,189

Typical home value: $137,238  ·  Homeownership: 83.8%

Market Analysis

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

The SHOALS, IN real estate market (47581) currently shows 3 active listings, with 2 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 75 days on market compared to 57 days last year.

The median listing price has fallen 13.3% year-over-year, from $225,000 to $195,000.

Whether you are buying or selling in SHOALS, 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: 3 this year vs 8 last year
  • Days on market: 75 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $195,000 (-13.3% YoY)
  • Average: $191,633 (-33.9% 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 23.9 miles — 122 listings ($44,146,755 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47581Shoals, IN 475810.0 mi3$574,899$195,000$191,633
47469West Baden Springs, IN 474699.0 mi13$3,336,398$288,500$256,646
47470Williams, IN 4747012.6 mi2$1,499,900$749,950$749,950
47432French Lick, IN 4743213.5 mi29$8,337,616$239,850$287,504
47558Montgomery, IN 4755815.0 mi5$2,247,500$449,500$449,500
47562Odon, IN 4756216.7 mi7$1,456,469$197,000$208,067
47546Jasper, IN 4754618.8 mi41$18,062,878$294,000$440,558
47453Owensburg, IN 4745319.0 mi2$1,925,000$962,500$962,500
47451Oolitic, IN 4745120.7 mi4$819,800$204,950$204,950
47462Springville, IN 4746221.6 mi11$4,728,295$464,375$429,845
47529Elnora, IN 4752921.8 mi1$268,000$268,000$268,000
47449Newberry, IN 4744921.9 mi2$440,000$220,000$220,000
47175Taswell, IN 4717523.9 mi2$450,000$225,000$225,000

Frequently Asked Questions

How many homes are for sale in SHOALS, IN 47581?

As of January 2026, there are 3 active listings in SHOALS, IN (zip code 47581), compared to 8 the prior year.

What is the median home price in SHOALS, IN 47581?

The median listing price in SHOALS, IN 47581 is $195,000 as of January 2026, a 13.3% decrease from $225,000 the prior year.

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

Homes in SHOALS, IN 47581 spend an average of 75 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in SHOALS, IN 47581?

Based on current inventory and days-on-market data as of January 2026, SHOALS, IN 47581 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 75 days on market compared to 57 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SHOALS, IN 47581 save an estimated $3,900 compared to a typical 5% commission on the median listing price of $195,000. 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.