Is Straughn, IN 47387 a buyer’s or seller’s market?
Straughn is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Straughn housing market right now
In the three months ending August 31, 2026, 0% of homes in Straughn, IN 47387 sold above their list price, the typical home went under contract in 56 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 more slowly (17 days then) and the median sale price rose 391% to $1,052,545. Overall, Straughn is less competitive than a year ago, which gives buyers more room.
Within Henry County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Springport 47386 (50% sold over asking) and Kennard 47351 (33% sold over asking) are even more competitive.
Run the numbers for 47387
Nearby markets
Kennard 47351Seller’s market $131 /sq ftKnightstown 46148Balanced $128 /sq ftLewisville 47352 $83 /sq ftMiddletown 47356Seller’s market $124 /sq ft Browse all markets →Where Straughn is
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Questions about Straughn real estate
Is Straughn a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Straughn, IN 47387 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 Straughn?
The typical home went under contract in 56 days in the latest three months.
Do homes in Straughn sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.6% of the list price.
What are property taxes in Straughn?
About 0.73% of a home’s value a year in Henry County, or roughly $2,920 on a $400,000 home.
What is the median home price in Straughn?
The median sale price was $1,052,545 in the three months ending August 31, 2026, about $194 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