Is Ingalls, IN 46048 a buyer’s or seller’s market?

The Ingalls housing market right now

In the three months ending August 31, 2026, 13% of homes in Ingalls, IN 46048 sold above their list price, the typical home went under contract in 18 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (5 days then) and the median sale price rose 26% to $250,392. Overall, Ingalls is less competitive than a year ago, which gives buyers more room.

Within Madison County, homes here sell faster than in 69% of the county’s ZIP codes, and sell less often over asking than in 69%.

Nearby, buyers who want less competition could look at Summitville 46070 (0% sold over asking) or Orestes 46063 (0% sold over asking), while Frankton 46044 (50% sold over asking) and Anderson 46011 (32% sold over asking) are even more competitive.