Is Carthage, IN 46115 a buyer’s or seller’s market?
Carthage is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Carthage housing market right now
In the three months ending August 31, 2026, 0% of homes in Carthage, IN 46115 sold above their list price, the typical home went under contract in 25 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 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 faster (49 days then) and the median sale price fell 16% to $234,798. Overall, Carthage is more competitive than a year ago, so tougher for buyers.
Within Rush County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Arlington 46104 (33% sold over asking) and Rushville 46173 (13% sold over asking) are even more competitive.
Run the numbers for 46115
Nearby markets
Arlington 46104Balanced $134 /sq ftGlenwood 46133 $48 /sq ftHomer 46146 — /sq ftManilla 46150 — /sq ft Browse all markets →Towns like Carthage nearby
Find towns like Carthage in other states →Where Carthage is
Loading map…
Questions about Carthage real estate
Is Carthage a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Carthage, IN 46115 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 Carthage?
The typical home went under contract in 25 days in the latest three months.
Do homes in Carthage sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Carthage?
About 0.65% of a home’s value a year in Rush County, or roughly $2,600 on a $400,000 home.
What is the median home price in Carthage?
The median sale price was $234,798 in the three months ending August 31, 2026, about $147 per square foot.
Local agents
See all agents in 46115 →No sponsored agents in 46115 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 46115
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology