Is Modoc, IN 47358 a buyer’s or seller’s market?
Modoc is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Modoc housing market right now
In the three months ending August 31, 2026, 100% of homes in Modoc, IN 47358 sold above their list price, the typical home went under contract in 18 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 more slowly (4 days then) and the median sale price fell 18% to $192,417. Overall, Modoc is more competitive than a year ago, so tougher for buyers.
Within Randolph County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Ridgeville 47380 (0% sold over asking) or Parker City 47368 (0% sold over asking).
Run the numbers for 47358
Nearby markets
Farmland 47340Seller’s market $139 /sq ftLosantville 47354Seller’s market $98 /sq ftLynn 47355Seller’s market $84 /sq ftParker City 47368Seller’s market $149 /sq ft Browse all markets →Where Modoc is
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Questions about Modoc real estate
Is Modoc a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Modoc, IN 47358 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 Modoc?
The typical home went under contract in 18 days in the latest three months.
Do homes in Modoc sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 106.7% of the list price.
What are property taxes in Modoc?
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 Modoc?
The median sale price was $192,417 in the three months ending August 31, 2026, about $145 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