Is Milroy, IN 46156 a buyer’s or seller’s market?
Milroy is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Milroy housing market right now
In the three months ending August 31, 2026, 0% of homes in Milroy, IN 46156 sold above their list price, the typical home went under contract in 147 days and there were 4 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 4 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 (28 days then) and the median sale price fell 34% to $159,881. Overall, Milroy is less competitive than a year ago, which gives buyers more room.
Within Rush County, homes here sell more slowly, and 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 46156
Nearby markets
Arlington 46104Balanced $134 /sq ftCarthage 46115Balanced $147 /sq ftGlenwood 46133 $48 /sq ftHomer 46146 — /sq ft Browse all markets →Where Milroy is
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Questions about Milroy real estate
Is Milroy a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Milroy, IN 46156 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 Milroy?
The typical home went under contract in 147 days in the latest three months.
Do homes in Milroy sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.6% of the list price.
What are property taxes in Milroy?
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 Milroy?
The median sale price was $159,881 in the three months ending August 31, 2026, about $123 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