Call or Text (240) SELL-123

WHEATLAND, IN 47597

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

Market Analysis

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

The WHEATLAND, IN real estate market (47597) currently shows 1 active listings. Homes are averaging 198 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 198 days on market compared to 263 days last year.

The median listing price has risen 38.2% year-over-year, from $380,000 to $525,000.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for WHEATLAND, IN 47597 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
1
⇩ 75% vs 4 last year
Pending
0
0% pending ratio
Median Price
$525,000
⇧ 38.2% vs $380,000 last year
Average Price
$525,000
⇧ 38.2% vs $380,000 last year
Days on Market
198
⇩ 24.7% vs 263 days last year

Price Per Square Foot

Median $/sqft
$178
⇧ 38% vs $129/sqft last year
Median Home Size
2,952 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 4 last year
  • Days on market: 198 now vs 263 last year

Median & Average Pricing

Year over Year
  • Median: $525,000 (+38.2% YoY)
  • Average: $525,000 (+38.2% 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 March 2026, there are 1 active listings in WHEATLAND, IN (zip code 47597), compared to 4 the prior year.

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

The median listing price in WHEATLAND, IN 47597 is $525,000 as of March 2026, a 38.2% increase from $380,000 the prior year.

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

Homes in WHEATLAND, IN 47597 spend an average of 198 days on the market before going under contract, compared to 263 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 March 2026, WHEATLAND, IN 47597 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 198 days on market compared to 263 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 $10,500 compared to a typical 5% commission on the median listing price of $525,000. 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.