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WHEATLAND, IN 47597

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

Market Analysis

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

The WHEATLAND, IN real estate market (47597) currently shows 2 active listings. Homes are averaging 156 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 156 days on market compared to 47 days last year.

The median listing price has risen 1.7% year-over-year, from $304,925 to $310,000.

Whether you are buying or selling in WHEATLAND, 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: 844  ·  Density: 6.7/mi²  ·  Median household income: $62,368

Typical home value: $136,125  ·  Homeownership: 81.3%

Market Overview

Active Listings
2
vs 2 last year
Pending
0
0% pending ratio
Median Price
$310,000
⇧ 1.7% vs $304,925 last year
Average Price
$310,000
⇧ 6.6% vs $290,775 last year
Days on Market
156
⇧ 231.9% vs 47 days last year

Price Per Square Foot

Median $/sqft
$156
⇧ 16.4% vs $134/sqft last year
Median Home Size
1,828 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 156 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $310,000 (+1.7% YoY)
  • Average: $310,000 (+6.6% 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 23.0 miles — 114 listings ($28,284,662 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47597Wheatland, IN 475970.0 mi1$540,000$540,000$540,000
47501Washington, IN 475016.7 mi58$15,295,876$220,700$263,722
47516Bruceville, IN 4751610.4 mi4$433,868$84,950$108,467
47567Petersburg, IN 4756712.3 mi13$2,140,424$152,975$164,648
47558Montgomery, IN 4755813.6 mi6$2,286,252$379,000$381,042
47640Hazleton, IN 4764015.8 mi2$335,416$120,000$167,708
47561Oaktown, IN 4756116.3 mi6$594,828$99,100$99,138
47578Sandborn, IN 4757817.9 mi3$597,750$199,250$199,250
47529Elnora, IN 4752919.1 mi2$431,500$215,750$215,750
47553Loogootee, IN 4755320.9 mi16$4,861,248$236,175$303,828
62460Saint Francisville, IL 6246021.7 mi1$127,500$127,500$127,500
47649Francisco, IN 4764922.0 mi1$415,000$415,000$415,000
47590Velpen, IN 4759023.0 mi1$225,000$225,000$225,000

Frequently Asked Questions

How many homes are for sale in WHEATLAND, IN 47597?

As of June 2026, there are 2 active listings in WHEATLAND, IN (zip code 47597), compared to 2 the prior year.

What is the median home price in WHEATLAND, IN 47597?

The median listing price in WHEATLAND, IN 47597 is $310,000 as of June 2026, a 1.7% increase from $304,925 the prior year.

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

Homes in WHEATLAND, IN 47597 spend an average of 156 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in WHEATLAND, IN 47597?

Based on current inventory and days-on-market data as of June 2026, WHEATLAND, IN 47597 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 156 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WHEATLAND, IN 47597 save an estimated $6,200 compared to a typical 5% commission on the median listing price of $310,000. 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.