Is Summitville, IN 46070 a buyer’s or seller’s market?
Summitville is a seller’s market. With about 0.9 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Summitville housing market right now
In the three months ending August 31, 2026, 0% of homes in Summitville, IN 46070 sold above their list price, the typical home went under contract in 84 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (37 days then) and the median sale price fell 1% to $147,836. Overall, Summitville is less competitive than a year ago, which gives buyers more room.
Within Madison County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Frankton 46044 (50% sold over asking) and Anderson 46011 (32% sold over asking) are even more competitive.
Run the numbers for 46070
Nearby markets
Alexandria 46001Seller’s market $97 /sq ftAnderson 46011Seller’s market $128 /sq ftAnderson 46012Seller’s market $126 /sq ftAnderson 46013Seller’s market $132 /sq ft Browse all markets →Towns like Summitville nearby
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Questions about Summitville real estate
Is Summitville a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Summitville, IN 46070 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Summitville?
The typical home went under contract in 84 days in the latest three months.
Do homes in Summitville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 84.1% of the list price.
What are property taxes in Summitville?
About 0.74% of a home’s value a year in Madison County, or roughly $2,960 on a $400,000 home.
What is the median home price in Summitville?
The median sale price was $147,836 in the three months ending August 31, 2026, about $78 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology