Is Greensburg, IN 47240 a buyer’s or seller’s market?
Greensburg is a seller’s market. With about 2.4 months of supply and 17% 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.
More competitive than 51% of U.S. ZIP codes, and #161 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Greensburg housing market right now
In the three months ending August 31, 2026, 17% of homes in Greensburg, IN 47240 sold above their list price, the typical home went under contract in 17 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 73 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (16% then), homes sold faster (30 days then) and the median sale price rose 5% to $249,392. Overall, Greensburg is more competitive than a year ago, so tougher for buyers.
On our competition score, Greensburg ranks #161 of 306 IN ZIP codes with enough sales (score 50 out of 100).
Nearby, buyers who want less competition could look at Westport 47283 (0% sold over asking), while Saint Paul 47272 (100% sold over asking) is even more competitive.
Run the numbers for 47240
Nearby markets
New Point 47263 — /sq ftSaint Paul 47272Buyer’s market $136 /sq ftWestport 47283Seller’s market $118 /sq ft Browse all markets →Towns like Greensburg nearby
Find towns like Greensburg in other states →Where Greensburg is
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Questions about Greensburg real estate
Is Greensburg a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Greensburg, IN 47240 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 Greensburg?
The typical home went under contract in 17 days in the latest three months.
Do homes in Greensburg sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Greensburg?
About 0.62% of a home’s value a year in Decatur County, or roughly $2,480 on a $400,000 home.
What is the median home price in Greensburg?
The median sale price was $249,392 in the three months ending August 31, 2026, about $160 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