Is Sulphur Springs, IN 47388 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Sulphur Springs 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 list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Sulphur Springs housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Henry County, IN

Population	398
Median income	$48,125
Average income	$61,464
Median home value	$142,600
Median rent	$971/month
Owner-occupied	92% of homes
Median year built	1951

Natural hazard riskTornadoes (relatively high), winter storms (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 47388; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 47388

Prefilled for 47388Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47388Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Kennard 47351Seller’s market $131 /sq ft Knightstown 46148Balanced $128 /sq ft Lewisville 47352 $83 /sq ft Middletown 47356Seller’s market $124 /sq ft Browse all markets →

Where Sulphur Springs is

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Questions about Sulphur Springs real estate

What are property taxes in Sulphur Springs?

About 0.73% of a home’s value a year in Henry County, or roughly $2,920 on a $400,000 home.

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More tools for 47388

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 Henry County property taxes Henry County loan limits Closing costs in Indiana Hottest ZIP codes in Indiana

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