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MEROM, IN 47861

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MEROM, IN real estate market (47861) currently shows 3 active listings, with 1 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 68 days on market compared to 52 days last year.

The median listing price has risen 66.8% year-over-year, from $62,450 to $104,175.

Whether you are buying or selling in MEROM, 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: 573  ·  Density: 5.0/mi²  ·  Median household income: $81,071

Typical home value: $179,244  ·  Homeownership: 94.0%

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
1
33% pending ratio
Median Price
$104,175
⇧ 66.8% vs $62,450 last year
Average Price
$90,025
⇧ 44.2% vs $62,450 last year
Days on Market
68
⇧ 30.8% vs 52 days last year

Price Per Square Foot

Median $/sqft
$80
⇧ 35.6% vs $59/sqft last year
Median Home Size
1,196 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 2 last year
  • Days on market: 68 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $104,175 (+66.8% YoY)
  • Average: $90,025 (+44.2% 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 23.5 miles — 179 listings ($46,367,079 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47861Merom, IN 478610.0 mi2$158,900$79,450$79,450
62433Hutsonville, IL 624338.1 mi6$967,680$139,900$161,280
62454Robinson, IL 6245411.3 mi28$6,541,780$234,950$233,635
62477West Union, IL 6247712.7 mi2$110,000$55,000$55,000
47850Farmersburg, IN 4785014.2 mi9$1,934,109$210,000$214,901
62413Annapolis, IL 6241315.6 mi2$785,000$392,500$392,500
47848Dugger, IN 4784816.5 mi8$1,924,560$199,000$240,570
62449Oblong, IL 6244919.0 mi6$1,160,400$189,950$193,400
47802Terre Haute, IN 4780221.5 mi108$31,593,132$256,825$292,529
47870Prairieton, IN 4787021.6 mi1$159,900$159,900$159,900
47516Bruceville, IN 4751622.3 mi4$433,868$84,950$108,467
47858Lewis, IN 4785822.6 mi0$0$495,000$495,000
47578Sandborn, IN 4757823.5 mi3$597,750$199,250$199,250

Frequently Asked Questions

How many homes are for sale in MEROM, IN 47861?

As of March 2026, there are 3 active listings in MEROM, IN (zip code 47861), compared to 2 the prior year.

What is the median home price in MEROM, IN 47861?

The median listing price in MEROM, IN 47861 is $104,175 as of March 2026, a 66.8% increase from $62,450 the prior year.

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

Homes in MEROM, IN 47861 spend an average of 68 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in MEROM, IN 47861?

Based on current inventory and days-on-market data as of March 2026, MEROM, IN 47861 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 68 days on market compared to 52 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MEROM, IN 47861 save an estimated $2,084 compared to a typical 5% commission on the median listing price of $104,175. 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.