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STRAUGHN, IN 47387

Real Estate Market Report  ·  Henry County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The STRAUGHN, IN real estate market (47387) currently shows 4 active listings, with 2 pending sales. Homes are averaging 12 days on the market before going under contract.

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

Homes are selling faster, averaging 12 days on market compared to 28 days last year.

The median listing price has fallen 62.7% year-over-year, from $649,900 to $242,400.

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Market Context

Market Context

Population: 522  ·  Density: 11.4/mi²  ·  Median household income: $54,167

Typical home value: $119,287  ·  Homeownership: 82.9%

Market Overview

Active Listings
4
⇩ 20% vs 5 last year
Pending
2
50% pending ratio
Median Price
$242,400
⇩ 62.7% vs $649,900 last year
Average Price
$242,400
⇩ 60.6% vs $615,917 last year
Days on Market
12
⇩ 57.1% vs 28 days last year

Price Per Square Foot

Median $/sqft
$91
⇩ 75.6% vs $373/sqft last year
Median Home Size
2,600 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 5 last year
  • Days on market: 12 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $242,400 (-62.7% YoY)
  • Average: $242,400 (-60.6% 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 17.7 miles — 157 listings ($35,152,965 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47352Lewisville, IN 473524.6 mi3$400,800$125,000$133,600
47362New Castle, IN 473627.7 mi89$17,313,170$162,975$194,530
47385Spiceland, IN 473858.2 mi2$279,800$139,900$139,900
47357Milton, IN 473579.5 mi4$1,323,268$282,450$330,817
47346Hagerstown, IN 473469.7 mi6$1,833,324$166,175$305,554
47361Mount Summit, IN 4736112.5 mi1$159,900$159,900$159,900
47351Kennard, IN 4735112.8 mi4$926,384$233,675$231,596
47388Sulphur Springs, IN 4738814.1 mi3$664,749$224,900$221,583
47330Centerville, IN 4733014.8 mi20$6,362,560$262,400$318,128
47386Springport, IN 4738615.6 mi2$349,800$174,900$174,900
46115Carthage, IN 4611516.0 mi3$675,000$247,000$225,000
47356Middletown, IN 4735617.4 mi15$3,015,315$158,200$201,021
47325Brownsville, IN 4732517.7 mi5$1,848,895$300,000$369,779

Frequently Asked Questions

How many homes are for sale in STRAUGHN, IN 47387?

As of September 2026, there are 4 active listings in STRAUGHN, IN (zip code 47387), compared to 5 the prior year.

What is the median home price in STRAUGHN, IN 47387?

The median listing price in STRAUGHN, IN 47387 is $242,400 as of September 2026, a 62.7% decrease from $649,900 the prior year.

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

Homes in STRAUGHN, IN 47387 spend an average of 12 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in STRAUGHN, IN 47387?

Based on current inventory and days-on-market data as of September 2026, STRAUGHN, IN 47387 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 12 days on market compared to 28 days last year.

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

With SELL123.com's maximum 3% commission, sellers in STRAUGHN, IN 47387 save an estimated $4,848 compared to a typical 5% commission on the median listing price of $242,400. 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.