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WHEATLAND, IN 47597

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

Market Analysis

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

The WHEATLAND, IN real estate market (47597) currently shows 2 active listings, with 2 pending sales.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

The median listing price has risen 18.7% year-over-year, from $442,475 to $525,000.

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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
⇩ 33.3% vs 3 last year
Pending
2
100% pending ratio
Median Price
$525,000
⇧ 18.7% vs $442,475 last year
Average Price
$525,000
⇧ 18.7% vs $442,475 last year
Days on Market
—
⇩ 100% vs 30 days last year

Price Per Square Foot

Median $/sqft
$178
⇧ 9.9% vs $162/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: 2 this year vs 3 last year

Median & Average Pricing

Year over Year
  • Median: $525,000 (+18.7% YoY)
  • Average: $525,000 (+18.7% 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 23.0 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 September 2026, there are 2 active listings in WHEATLAND, IN (zip code 47597), compared to 3 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 September 2026, a 18.7% increase from $442,475 the prior year.

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

Homes in WHEATLAND, IN 47597 spend an average of 0 days on the market before going under contract, compared to 30 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 September 2026, WHEATLAND, IN 47597 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

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.