Is Bourbon, IN 46504 a buyer’s or seller’s market?
Bourbon is a seller’s market. With about 2 months of supply and 38% 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 Bourbon housing market right now
In the three months ending August 31, 2026, 38% of homes in Bourbon, IN 46504 sold above their list price, the typical home went under contract in 19 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold faster (33 days then) and the median sale price rose 47% to $263,886. Overall, Bourbon is more competitive than a year ago, so tougher for buyers.
Within Marshall County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 86%.
Nearby, buyers who want less competition could look at Tyner 46572 (0% sold over asking) or Tippecanoe 46570 (0% sold over asking), while Lapaz 46537 (100% sold over asking) is even more competitive.
Run the numbers for 46504
Nearby markets
Argos 46501Seller’s market $124 /sq ftBremen 46506Seller’s market $137 /sq ftCulver 46511Seller’s market $220 /sq ftLapaz 46537 $142 /sq ft Browse all markets →Towns like Bourbon nearby
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Questions about Bourbon real estate
Is Bourbon a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Bourbon, IN 46504 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 Bourbon?
The typical home went under contract in 19 days in the latest three months.
Do homes in Bourbon sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Bourbon?
About 0.66% of a home’s value a year in Marshall County, or roughly $2,640 on a $400,000 home.
What is the median home price in Bourbon?
The median sale price was $263,886 in the three months ending August 31, 2026, about $168 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