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Is Montpelier, IN 47359 a buyer’s or seller’s market?

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

Montpelier is a seller’s market. With about 2 months of supply and 31% 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 supply2Under 4 months = seller’s market
Sold above original list30.8%Share of sales, last 3 months
Median sale-to-list94.9%Sold price ÷ list price
Median days on market12Listing to accepted offer
Median price per sq ft$112▲ +21.4% vs. last year

The Montpelier housing market right now

In the three months ending August 31, 2026, 31% of homes in Montpelier, IN 47359 sold above their list price, the typical home went under contract in 12 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (86 days then) and the median sale price fell 17% to $149,835. Overall, Montpelier is more competitive than a year ago, so tougher for buyers.

Run the numbers for 47359

Prefilled for 47359Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47359Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hartford City 47348Seller’s market $113 /sq ft Browse all markets →

Towns like Montpelier nearby

Find towns like Montpelier in other states →
Eaton, IN47338 · 16 miles away92% similarVery close on income, prices and more Lynn, IN47355 · 39 miles away90% similarVery close on income, prices and more Ansonia, OH45303 · 40 miles away90% similarsmaller Albany, IN47320 · 18 miles away89% similarolder residents

Where Montpelier is

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Questions about Montpelier real estate

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

A seller’s market: there were 2 months of supply in Montpelier, IN 47359 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 Montpelier?

The typical home went under contract in 12 days in the latest three months.

Do homes in Montpelier sell over asking?

31% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.

What are property taxes in Montpelier?

About 0.81% of a home’s value a year in Blackford County, or roughly $3,240 on a $400,000 home.

What is the median home price in Montpelier?

The median sale price was $149,835 in the three months ending August 31, 2026, about $112 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