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Is Westport, IN 47283 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Westport 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.

Months of supply1.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.7%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$118▼ −8.4% vs. last year

The Westport housing market right now

In the three months ending August 31, 2026, 0% of homes in Westport, IN 47283 sold above their list price, the typical home went under contract in 34 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 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold about as fast and the median sale price rose 1% to $197,365. Overall, Westport is less competitive than a year ago, which gives buyers more room.

Nearby, Saint Paul 47272 (100% sold over asking) and Greensburg 47240 (17% sold over asking) are even more competitive.

Run the numbers for 47283

Prefilled for 47283Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47283Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Greensburg 47240Seller’s market $160 /sq ftNew Point 47263 — /sq ftSaint Paul 47272Buyer’s market $136 /sq ft Browse all markets →

Towns like Westport nearby

Find towns like Westport in other states →
Aurora, IN47001 · 35 miles away89% similarpricier homes ($26K more) · larger Elizabethtown, IN47232 · 13 miles away88% similarpricier homes ($25K more) · smaller Fairland, IN46126 · 35 miles away88% similarpricier homes ($89K more) Milan, IN47031 · 24 miles away87% similarVery close on income, prices and more

Where Westport is

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Questions about Westport real estate

Is Westport a buyer’s or seller’s market?

A seller’s market: there were 1.6 months of supply in Westport, IN 47283 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 Westport?

The typical home went under contract in 34 days in the latest three months.

Do homes in Westport sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.

What are property taxes in Westport?

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 Westport?

The median sale price was $197,365 in the three months ending August 31, 2026, about $118 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