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VELPEN, IN 47590

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

Market Overview

Active Listings
1
Pending
0
0% pending ratio
Median Price
$225,000
Average Price
$225,000
Days on Market
87

Market Context

Population: 456  ·  Density: 4.3/mi²  ·  Median household income: $97,250

Typical home value: $233,388  ·  Homeownership: 88.5%

Market Analysis

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

The VELPEN, IN real estate market (47590) currently shows 1 active listings. Homes are averaging 87 days on the market before going under contract.

Whether you are buying or selling in VELPEN, 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

Median & Average Pricing

Year over Year

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 22.8 miles — 163 listings ($129,624,461 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47590Velpen, IN 475900.0 mi1$225,000$225,000$225,000
47585Stendal, IN 475856.9 mi1$335,500$335,500$335,500
47541Holland, IN 475418.5 mi2$399,400$199,700$199,700
47546Jasper, IN 4754610.1 mi41$18,062,878$294,000$440,558
47660Oakland City, IN 4766013.1 mi15$2,111,505$150,000$140,767
47637Tennyson, IN 4763715.3 mi1$144,900$144,900$144,900
47532Ferdinand, IN 4753216.0 mi7$3,300,360$299,000$471,480
47649Francisco, IN 4764918.8 mi1$415,000$415,000$415,000
47579Santa Claus, IN 4757919.6 mi19$83,365,825$310,000$4,387,675
47521Celestine, IN 4752120.3 mi2$584,000$292,000$292,000
47501Washington, IN 4750121.7 mi66$16,853,628$209,900$255,358
47613Elberfeld, IN 4761322.1 mi5$3,266,665$280,000$653,333
47611Chrisney, IN 4761122.8 mi2$559,800$279,900$279,900

Frequently Asked Questions

How many homes are for sale in VELPEN, IN 47590?

As of January 2026, there are 1 active listings in VELPEN, IN (zip code 47590).

What is the median home price in VELPEN, IN 47590?

The median listing price in VELPEN, IN 47590 is $225,000 as of January 2026.

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

Homes in VELPEN, IN 47590 spend an average of 87 days on the market before going under contract.

Is it a seller's or buyer's market in VELPEN, IN 47590?

Based on current inventory and days-on-market data as of January 2026, VELPEN, IN 47590 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in VELPEN, IN 47590 save an estimated $4,500 compared to a typical 5% commission on the median listing price of $225,000. 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.