Is Cedar Grove, IN 47016 a buyer’s or seller’s market?
Cedar Grove is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Cedar Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Cedar Grove, IN 47016 sold above their list price and the typical home went under contract in 17 days. 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 (157 days then) and the median sale price rose 24% to $457,302. Overall, Cedar Grove is more competitive than a year ago, so tougher for buyers.
Nearby, Metamora 47030 (50% sold over asking) and Brookville 47012 (36% sold over asking) are even more competitive.
Run the numbers for 47016
Nearby markets
Bath 47010 — /sq ftBrookville 47012Seller’s market $160 /sq ftLaurel 47024Seller’s market $125 /sq ftMetamora 47030Buyer’s market $265 /sq ft Browse all markets →Where Cedar Grove is
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Questions about Cedar Grove real estate
How fast do homes sell in Cedar Grove?
The typical home went under contract in 17 days in the latest three months.
Do homes in Cedar Grove sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.0% of the list price.
What are property taxes in Cedar Grove?
About 0.59% of a home’s value a year in Franklin County, or roughly $2,360 on a $400,000 home.
What is the median home price in Cedar Grove?
The median sale price was $457,302 in the three months ending August 31, 2026, about $190 per square foot.
Local agents
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More tools for 47016
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology