Is Roann, IN 46974 a buyer’s or seller’s market?
Roann is a seller’s market. With about 1.6 months of supply and 0% 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 Roann housing market right now
In the three months ending August 31, 2026, 0% of homes in Roann, IN 46974 sold above their list price, the typical home went under contract in 19 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 (0% then), homes sold faster (49 days then) and the median sale price fell 29% to $246,393. Overall, Roann is more competitive than a year ago, so tougher for buyers.
Within Wabash County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Laketon 46943 (67% sold over asking) and Wabash 46992 (14% sold over asking) are even more competitive.
Run the numbers for 46974
Nearby markets
La Fontaine 46940Balanced $127 /sq ftLagro 46941Seller’s market $72 /sq ftLaketon 46943Seller’s market $106 /sq ftNorth Manchester 46962Seller’s market $135 /sq ft Browse all markets →Towns like Roann nearby
Find towns like Roann in other states →Where Roann is
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Questions about Roann real estate
Is Roann a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Roann, IN 46974 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 Roann?
The typical home went under contract in 19 days in the latest three months.
Do homes in Roann sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Roann?
About 0.52% of a home’s value a year in Wabash County, or roughly $2,080 on a $400,000 home.
What is the median home price in Roann?
The median sale price was $246,393 in the three months ending August 31, 2026, about $139 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