Is Versailles, IN 47042 a buyer’s or seller’s market?
Versailles is a seller’s market. With about 2.1 months of supply and 44% 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 Versailles housing market right now
In the three months ending August 31, 2026, 44% of homes in Versailles, IN 47042 sold above their list price, the typical home went under contract in 22 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 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 29%, homes sold more slowly (18 days then) and the median sale price rose 48% to $315,364. Overall, Versailles is more competitive than a year ago, so tougher for buyers.
Within Ripley County, homes here sell faster than in 60% 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 Holton 47023 (0% sold over asking) or Cross Plains 47017 (0% sold over asking).
Run the numbers for 47042
Nearby markets
Batesville 47006Seller’s market $136 /sq ftCross Plains 47017 $183 /sq ftHolton 47023Buyer’s market $196 /sq ftMilan 47031Seller’s market $188 /sq ft Browse all markets →Towns like Versailles nearby
Find towns like Versailles in other states →Where Versailles is
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Questions about Versailles real estate
Is Versailles a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Versailles, IN 47042 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 Versailles?
The typical home went under contract in 22 days in the latest three months.
Do homes in Versailles sell over asking?
44% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Versailles?
About 0.56% of a home’s value a year in Ripley County, or roughly $2,240 on a $400,000 home.
What is the median home price in Versailles?
The median sale price was $315,364 in the three months ending August 31, 2026, about $150 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