Is Lynn, IN 47355 a buyer’s or seller’s market?
Lynn is a seller’s market. With about 3.8 months of supply and 20% 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 Lynn housing market right now
In the three months ending August 31, 2026, 20% of homes in Lynn, IN 47355 sold above their list price, the typical home went under contract in 17 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 60%, homes sold faster (26 days then) and the median sale price fell 23% to $84,963. Overall, Lynn is less competitive than a year ago, which gives buyers more room.
Within Randolph County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 57%.
Nearby, buyers who want less competition could look at Ridgeville 47380 (0% sold over asking) or Parker City 47368 (0% sold over asking), while Modoc 47358 (100% sold over asking) and Farmland 47340 (40% sold over asking) are even more competitive.
Run the numbers for 47355
Nearby markets
Farmland 47340Seller’s market $139 /sq ftLosantville 47354Seller’s market $98 /sq ftModoc 47358Buyer’s market $145 /sq ftParker City 47368Seller’s market $149 /sq ft Browse all markets →Towns like Lynn nearby
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Questions about Lynn real estate
Is Lynn a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Lynn, IN 47355 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 Lynn?
The typical home went under contract in 17 days in the latest three months.
Do homes in Lynn sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 90.3% of the list price.
What are property taxes in Lynn?
About 0.79% of a home’s value a year in Randolph County, or roughly $3,160 on a $400,000 home.
What is the median home price in Lynn?
The median sale price was $84,963 in the three months ending August 31, 2026, about $84 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