Is Monterey, IN 46960 a buyer’s or seller’s market?
Monterey is a seller’s market. With about 1.3 months of supply and 40% 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 Monterey housing market right now
In the three months ending August 31, 2026, 40% of homes in Monterey, IN 46960 sold above their list price, the typical home went under contract in 29 days and there were 1.3 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 rose from 0%, homes sold faster (260 days then) and the median sale price fell 52% to $149,935. Overall, Monterey is more competitive than a year ago, so tougher for buyers.
Within Pulaski County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Francesville 47946 (0% sold over asking) or Star City 46985 (0% sold over asking).
Run the numbers for 46960
Nearby markets
Francesville 47946Balanced $120 /sq ftMedaryville 47957Seller’s market $125 /sq ftOra 46968 — /sq ftStar City 46985Seller’s market $95 /sq ft Browse all markets →Towns like Monterey nearby
Find towns like Monterey in other states →Where Monterey is
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Questions about Monterey real estate
Is Monterey a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Monterey, IN 46960 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 Monterey?
The typical home went under contract in 29 days in the latest three months.
Do homes in Monterey sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Monterey?
About 0.45% of a home’s value a year in Pulaski County, or roughly $1,800 on a $400,000 home.
What is the median home price in Monterey?
The median sale price was $149,935 in the three months ending August 31, 2026, about $117 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