Is Gaston, IN 47342 a buyer’s or seller’s market?
Gaston is a seller’s market. With about 3.2 months of supply and 33% 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 Gaston housing market right now
In the three months ending August 31, 2026, 33% of homes in Gaston, IN 47342 sold above their list price, the typical home went under contract in 16 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 (65 days then) and the median sale price rose 169% to $209,909. Overall, Gaston is more competitive than a year ago, so tougher for buyers.
Within Delaware County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at Muncie 47305 (8% sold over asking) or Yorktown 47396 (12% sold over asking).
Run the numbers for 47342
Nearby markets
Albany 47320Seller’s market $120 /sq ftDaleville 47334Seller’s market $138 /sq ftEaton 47338Seller’s market $151 /sq ftMuncie 47302Seller’s market $93 /sq ft Browse all markets →Towns like Gaston nearby
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Questions about Gaston real estate
Is Gaston a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Gaston, IN 47342 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 Gaston?
The typical home went under contract in 16 days in the latest three months.
Do homes in Gaston sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Gaston?
About 0.75% of a home’s value a year in Delaware County, or roughly $3,000 on a $400,000 home.
What is the median home price in Gaston?
The median sale price was $209,909 in the three months ending August 31, 2026, about $187 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