Is Elizabeth, IN 47117 a buyer’s or seller’s market?

The Elizabeth housing market right now

In the three months ending August 31, 2026, 27% of homes in Elizabeth, IN 47117 sold above their list price, the typical home went under contract in 57 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold more slowly (49 days then) and the median sale price rose 37% to $294,772. Overall, Elizabeth is less competitive than a year ago, which gives buyers more room.

Within Harrison County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Elizabeth ranks #73 of 306 IN ZIP codes with enough sales (score 63 out of 100).

Nearby, buyers who want less competition could look at New Middletown 47160 (0% sold over asking) or Depauw 47115 (0% sold over asking), while Laconia 47135 (100% sold over asking) and Ramsey 47166 (33% sold over asking) are even more competitive.