Is Fairmount, IN 46928 a buyer’s or seller’s market?
Fairmount is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Fairmount housing market right now
In the three months ending August 31, 2026, 0% of homes in Fairmount, IN 46928 sold above their list price, the typical home went under contract in 72 days and there were 5.1 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 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 more slowly (25 days then) and the median sale price fell 11% to $151,934. Overall, Fairmount is less competitive than a year ago, which gives buyers more room.
Within Grant County, homes here sell more slowly than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Fowlerton 46930 (100% sold over asking) and Matthews 46957 (50% sold over asking) are even more competitive.
Run the numbers for 46928
Nearby markets
Converse 46919Seller’s market $153 /sq ftFowlerton 46930 $121 /sq ftGas City 46933Balanced $125 /sq ftJonesboro 46938Balanced $74 /sq ft Browse all markets →Towns like Fairmount nearby
Find towns like Fairmount in other states →Where Fairmount is
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Questions about Fairmount real estate
Is Fairmount a buyer’s or seller’s market?
A balanced market: there were 5.1 months of supply in Fairmount, IN 46928 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 Fairmount?
The typical home went under contract in 72 days in the latest three months.
Do homes in Fairmount sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Fairmount?
About 0.72% of a home’s value a year in Grant County, or roughly $2,880 on a $400,000 home.
What is the median home price in Fairmount?
The median sale price was $151,934 in the three months ending August 31, 2026, about $104 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