Is Otisco, IN 47163 a buyer’s or seller’s market?
Otisco is a seller’s market. With about 1.6 months of supply and 0% 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 Otisco housing market right now
In the three months ending August 31, 2026, 0% of homes in Otisco, IN 47163 sold above their list price, the typical home went under contract in 36 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (40 days then) and the median sale price rose 16% to $284,877. Overall, Otisco is less competitive than a year ago, which gives buyers more room.
Within Clark County, homes here sell faster than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Charlestown 47111 (21% sold over asking) and Sellersburg 47172 (18% sold over asking) are even more competitive.
Run the numbers for 47163
Nearby markets
Bethlehem 47104 — /sq ftBorden 47106Seller’s market $168 /sq ftCharlestown 47111Seller’s market $180 /sq ftClarksville 47129Seller’s market $139 /sq ft Browse all markets →Towns like Otisco nearby
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Questions about Otisco real estate
Is Otisco a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Otisco, IN 47163 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 Otisco?
The typical home went under contract in 36 days in the latest three months.
Do homes in Otisco sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Otisco?
About 0.77% of a home’s value a year in Clark County, or roughly $3,080 on a $400,000 home.
What is the median home price in Otisco?
The median sale price was $284,877 in the three months ending August 31, 2026, about $175 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