Is Hope, IN 47246 a buyer’s or seller’s market?
Hope is a seller’s market. With about 1.6 months of supply and 8% 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 Hope housing market right now
In the three months ending August 31, 2026, 8% of homes in Hope, IN 47246 sold above their list price, the typical home went under contract in 44 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. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold more slowly (22 days then) and the median sale price rose 43% to $257,389. Overall, Hope is less competitive than a year ago, which gives buyers more room.
Within Bartholomew County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%.
Nearby, buyers who want less competition could look at Taylorsville 47280 (0% sold over asking) or Hartsville 47244 (0% sold over asking), while Columbus 47203 (12% sold over asking) is even more competitive.
Run the numbers for 47246
Nearby markets
Columbus 47201Seller’s market $144 /sq ftColumbus 47203Seller’s market $147 /sq ftElizabethtown 47232Balanced $154 /sq ftHartsville 47244 $122 /sq ft Browse all markets →Towns like Hope nearby
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Questions about Hope real estate
Is Hope a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Hope, IN 47246 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 Hope?
The typical home went under contract in 44 days in the latest three months.
Do homes in Hope sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Hope?
About 0.75% of a home’s value a year in Bartholomew County, or roughly $3,000 on a $400,000 home.
What is the median home price in Hope?
The median sale price was $257,389 in the three months ending August 31, 2026, about $188 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