Is Parker City, IN 47368 a buyer’s or seller’s market?
Parker City is a seller’s market. With about 3.6 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.
The Parker City housing market right now
In the three months ending August 31, 2026, 0% of homes in Parker City, IN 47368 sold above their list price, the typical home went under contract in 20 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 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 31%, homes sold more slowly (15 days then) and the median sale price rose 22% to $194,866. Overall, Parker City is less competitive than a year ago, which gives buyers more room.
Within Randolph County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Modoc 47358 (100% sold over asking) and Farmland 47340 (40% sold over asking) are even more competitive.
Run the numbers for 47368
Nearby markets
Farmland 47340Seller’s market $139 /sq ftLosantville 47354Seller’s market $98 /sq ftLynn 47355Seller’s market $84 /sq ftModoc 47358Buyer’s market $145 /sq ft Browse all markets →Towns like Parker City nearby
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Questions about Parker City real estate
Is Parker City a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Parker City, IN 47368 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 Parker City?
The typical home went under contract in 20 days in the latest three months.
Do homes in Parker City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Parker City?
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 Parker City?
The median sale price was $194,866 in the three months ending August 31, 2026, about $149 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