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WAVELAND, IN 47989

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

Market Analysis

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

The WAVELAND, IN real estate market (47989) currently shows 3 active listings, with 1 pending sales. Homes are averaging 51 days on the market before going under contract.

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Market Context

Market Context

Population: 1,182  ·  Density: 11.4/mi²  ·  Median household income: $97,391

Typical home value: $117,977  ·  Homeownership: 91.0%

Market Overview

Active Listings
3
—
Pending
1
33% pending ratio
Median Price
$223,200
—
Average Price
$257,895
—
Days on Market
51
—

Price Per Square Foot

Median $/sqft
$162
—
Median Home Size
1,544 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

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
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 21.7 miles — 28 listings ($8,465,808 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47989Waveland, IN 479890.0 mi3$414,000$138,000$138,000
46175Russellville, IN 461756.3 mi1$225,000$225,000$225,000
47832Bloomingdale, IN 4783210.7 mi2$2,730,000$1,365,000$1,365,000
47990Waynetown, IN 4799011.9 mi3$531,699$169,100$177,233
47949Hillsboro, IN 4794912.8 mi3$285,000$95,000$95,000
46172Roachdale, IN 4617213.3 mi3$862,350$287,450$287,450
46105Bainbridge, IN 4610515.3 mi1$261,000$261,000$261,000
47862Montezuma, IN 4786217.5 mi4$572,932$129,900$143,233
47837Carbon, IN 4783718.2 mi1$365,000$365,000$365,000
47860Mecca, IN 4786018.7 mi1$279,000$279,000$279,000
47854Hillsdale, IN 4785419.9 mi1$69,995$69,995$69,995
47967New Richmond, IN 4796721.3 mi1$247,900$247,900$247,900
46165North Salem, IN 4616521.7 mi4$1,621,932$329,000$405,483

Frequently Asked Questions

How many homes are for sale in WAVELAND, IN 47989?

As of September 2026, there are 3 active listings in WAVELAND, IN (zip code 47989).

What is the median home price in WAVELAND, IN 47989?

The median listing price in WAVELAND, IN 47989 is $223,200 as of September 2026.

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

Homes in WAVELAND, IN 47989 spend an average of 51 days on the market before going under contract.

Is it a seller's or buyer's market in WAVELAND, IN 47989?

Based on current inventory and days-on-market data as of September 2026, WAVELAND, IN 47989 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in WAVELAND, IN 47989 save an estimated $4,464 compared to a typical 5% commission on the median listing price of $223,200. 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.