Is Russellville, IN 46175 a buyer’s or seller’s market?
Russellville is a seller’s market. With about 1.6 months of supply and 50% 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 Russellville housing market right now
In the three months ending August 31, 2026, 50% of homes in Russellville, IN 46175 sold above their list price, the typical home went under contract in 4 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 (50% then), homes sold faster (32 days then) and the median sale price rose 154% to $349,855. Overall, Russellville is more competitive than a year ago, so tougher for buyers.
Within Putnam County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Roachdale 46172 (0% sold over asking) or Reelsville 46171 (0% sold over asking).
Run the numbers for 46175
Nearby markets
Bainbridge 46105Balanced $142 /sq ftCloverdale 46120Seller’s market $150 /sq ftFillmore 46128Seller’s market $200 /sq ftGreencastle 46135Seller’s market $143 /sq ft Browse all markets →Where Russellville is
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Questions about Russellville real estate
Is Russellville a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Russellville, IN 46175 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 Russellville?
The typical home went under contract in 4 days in the latest three months.
Do homes in Russellville sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.1% of the list price.
What are property taxes in Russellville?
About 0.48% of a home’s value a year in Putnam County, or roughly $1,920 on a $400,000 home.
What is the median home price in Russellville?
The median sale price was $349,855 in the three months ending August 31, 2026, about $125 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