Is Milltown, IN 47145 a buyer’s or seller’s market?
Milltown is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Milltown housing market right now
In the three months ending August 31, 2026, 50% of homes in Milltown, IN 47145 sold above their list price, the typical home went under contract in 25 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is 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 rose from 0%, homes sold faster (51 days then) and the median sale price held steady to $211,908. Overall, Milltown is more competitive than a year ago, so tougher for buyers.
Within Crawford County, homes here sell faster than in 83% 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 Taswell 47175 (0% sold over asking) or Sulphur 47174 (0% sold over asking).
Run the numbers for 47145
Nearby markets
Eckerty 47116Buyer’s market $134 /sq ftEnglish 47118Buyer’s market $192 /sq ftLeavenworth 47137Balanced $141 /sq ftMarengo 47140Buyer’s market $108 /sq ft Browse all markets →Towns like Milltown nearby
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Questions about Milltown real estate
Is Milltown a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Milltown, IN 47145 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 Milltown?
The typical home went under contract in 25 days in the latest three months.
Do homes in Milltown sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 91.7% of the list price.
What are property taxes in Milltown?
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 Milltown?
The median sale price was $211,908 in the three months ending August 31, 2026, about $132 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