Is Marengo, IN 47140 a buyer’s or seller’s market?
Marengo is a buyer’s market. With about 11.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Marengo housing market right now
In the three months ending August 31, 2026, 0% of homes in Marengo, IN 47140 sold above their list price, the typical home went under contract in 84 days and there were 11.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 more slowly (71 days then) and the median sale price fell 8% to $119,448. Overall, Marengo is less competitive than a year ago, which gives buyers more room.
Within Crawford County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Milltown 47145 (50% sold over asking) is even more competitive.
Run the numbers for 47140
Nearby markets
Eckerty 47116Buyer’s market $134 /sq ftEnglish 47118Buyer’s market $192 /sq ftLeavenworth 47137Balanced $141 /sq ftMilltown 47145Balanced $132 /sq ft Browse all markets →Towns like Marengo nearby
Find towns like Marengo in other states →Where Marengo is
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Questions about Marengo real estate
Is Marengo a buyer’s or seller’s market?
A buyer’s market: there were 11.2 months of supply in Marengo, IN 47140 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 Marengo?
The typical home went under contract in 84 days in the latest three months.
Do homes in Marengo sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.2% of the list price.
What are property taxes in Marengo?
About 0.75% of a home’s value a year in Crawford County, or roughly $3,000 on a $400,000 home.
What is the median home price in Marengo?
The median sale price was $119,448 in the three months ending August 31, 2026, about $108 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