Is Laurel, IN 47024 a buyer’s or seller’s market?
Laurel is a seller’s market. With about 3.2 months of supply and 13% 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 Laurel housing market right now
In the three months ending August 31, 2026, 13% of homes in Laurel, IN 47024 sold above their list price, the typical home went under contract in 37 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 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 (203 days then) and the median sale price fell 48% to $248,892. Overall, Laurel is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Cedar Grove 47016 (0% sold over asking), while Metamora 47030 (50% sold over asking) and Brookville 47012 (36% sold over asking) are even more competitive.
Run the numbers for 47024
Nearby markets
Bath 47010 — /sq ftBrookville 47012Seller’s market $160 /sq ftCedar Grove 47016 $190 /sq ftMetamora 47030Buyer’s market $265 /sq ft Browse all markets →Towns like Laurel nearby
Find towns like Laurel in other states →Where Laurel is
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Questions about Laurel real estate
Is Laurel a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Laurel, IN 47024 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 Laurel?
The typical home went under contract in 37 days in the latest three months.
Do homes in Laurel sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Laurel?
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 Laurel?
The median sale price was $248,892 in the three months ending August 31, 2026, about $125 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