Is Garrett, IN 46738 a buyer’s or seller’s market?
Garrett is a seller’s market. With about 1.6 months of supply and 25% 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.
More competitive than 73% of U.S. ZIP codes, and #47 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Garrett housing market right now
In the three months ending August 31, 2026, 25% of homes in Garrett, IN 46738 sold above their list price, the typical home went under contract in 12 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. That’s based on 25 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold about as fast and the median sale price rose 10% to $212,908. Overall, Garrett is more competitive than a year ago, so tougher for buyers.
Within DeKalb 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. On our competition score, Garrett ranks #47 of 306 IN ZIP codes with enough sales (score 69 out of 100).
Nearby, Saint Joe 46785 (100% sold over asking) and Ashley 46705 (60% sold over asking) are even more competitive.
Run the numbers for 46738
Nearby markets
Ashley 46705Seller’s market $131 /sq ftAuburn 46706Seller’s market $162 /sq ftButler 46721Buyer’s market $124 /sq ftCorunna 46730 — /sq ft Browse all markets →Towns like Garrett nearby
Find towns like Garrett in other states →Where Garrett is
Loading map…
Questions about Garrett real estate
Is Garrett a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Garrett, IN 46738 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 Garrett?
The typical home went under contract in 12 days in the latest three months.
Do homes in Garrett sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Garrett?
About 0.62% of a home’s value a year in DeKalb County, or roughly $2,480 on a $400,000 home.
What is the median home price in Garrett?
The median sale price was $212,908 in the three months ending August 31, 2026, about $151 per square foot.
Local agents
See all agents in 46738 →No sponsored agents in 46738 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 46738
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology