Is Paragon, IN 46166 a buyer’s or seller’s market?
Paragon is a seller’s market. With about 3.8 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 Paragon housing market right now
In the three months ending August 31, 2026, 0% of homes in Paragon, IN 46166 sold above their list price, the typical home went under contract in 7 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (21 days then) and the median sale price rose 13% to $339,853. Overall, Paragon is more competitive than a year ago, so tougher for buyers.
Within Morgan County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Monrovia 46157 (22% sold over asking) and Mooresville 46158 (20% sold over asking) are even more competitive.
Run the numbers for 46166
Nearby markets
Brooklyn 46111Seller’s market $173 /sq ftCamby 46113Seller’s market $152 /sq ftEminence 46125 — /sq ftMartinsville 46151Seller’s market $164 /sq ft Browse all markets →Towns like Paragon nearby
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Questions about Paragon real estate
Is Paragon a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Paragon, IN 46166 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 Paragon?
The typical home went under contract in 7 days in the latest three months.
Do homes in Paragon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 86.6% of the list price.
What are property taxes in Paragon?
About 0.49% of a home’s value a year in Morgan County, or roughly $1,960 on a $400,000 home.
What is the median home price in Paragon?
The median sale price was $339,853 in the three months ending August 31, 2026, about $144 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