Is Redkey, IN 47373 a buyer’s or seller’s market?
Redkey is a seller’s market. With about 1.1 months of supply and 33% 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 Redkey housing market right now
In the three months ending August 31, 2026, 33% of homes in Redkey, IN 47373 sold above their list price, the typical home went under contract in 16 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 rose from 0%, homes sold faster (70 days then) and the median sale price rose 95% to $169,926. Overall, Redkey is more competitive than a year ago, so tougher for buyers.
Within Jay County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Pennville 47369 (0% sold over asking) or Bryant 47326 (0% sold over asking).
Run the numbers for 47373
Nearby markets
Bryant 47326Seller’s market $390 /sq ftDunkirk 47336Balanced $84 /sq ftPennville 47369 $69 /sq ftPortland 47371Seller’s market $111 /sq ft Browse all markets →Towns like Redkey nearby
Find towns like Redkey in other states →Where Redkey is
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Questions about Redkey real estate
Is Redkey a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Redkey, IN 47373 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 Redkey?
The typical home went under contract in 16 days in the latest three months.
Do homes in Redkey sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Redkey?
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 Redkey?
The median sale price was $169,926 in the three months ending August 31, 2026, about $109 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