OfferBackedBuyer Tools

Is Pennville, IN 47369 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Pennville is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market17Listing to accepted offer
Median price per sq ft$69▼ −40.6% vs. last year

The Pennville housing market right now

In the three months ending August 31, 2026, 0% of homes in Pennville, IN 47369 sold above their list price and the typical home went under contract in 17 days. 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 was about the same (0% then), homes sold faster (37 days then) and the median sale price fell 45% to $94,959. Overall, Pennville is more competitive than a year ago, so tougher for buyers.

Within Jay County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Redkey 47373 (33% sold over asking) and Portland 47371 (24% sold over asking) are even more competitive.

Run the numbers for 47369

Prefilled for 47369Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47369Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bryant 47326Seller’s market $390 /sq ftDunkirk 47336Balanced $84 /sq ftPortland 47371Seller’s market $111 /sq ftRedkey 47373Seller’s market $109 /sq ft Browse all markets →

Towns like Pennville nearby

Find towns like Pennville in other states →
Dunkirk, IN47336 · 9 miles away69% similarcheaper homes ($45K less) · larger Jonesboro, IN46938 · 26 miles away68% similarcheaper homes ($44K less) · larger Van Buren, IN46991 · 21 miles away67% similarcheaper homes ($33K less) · younger residents Mendon, OH45862 · 35 miles away64% similarcheaper homes ($35K less)

Where Pennville is

Loading map…

Questions about Pennville real estate

How fast do homes sell in Pennville?

The typical home went under contract in 17 days in the latest three months.

Do homes in Pennville sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.

What are property taxes in Pennville?

About 0.60% of a home’s value a year in Jay County, or roughly $2,400 on a $400,000 home.

What is the median home price in Pennville?

The median sale price was $94,959 in the three months ending August 31, 2026, about $69 per square foot.

Local agents

See all agents in 47369 →

No sponsored agents in 47369 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 47369

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Jay County property taxesJay County loan limitsClosing costs in IndianaHottest ZIP codes in Indiana
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology