Is Coal City, IN 47427 a buyer’s or seller’s market?
Coal City is a seller’s market. With about 3.2 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 Coal City housing market right now
In the three months ending August 31, 2026, 0% of homes in Coal City, IN 47427 sold above their list price, the typical home went under contract in 148 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 (123 days then) and the median sale price rose 32% to $379,736. Overall, Coal City is less competitive than a year ago, which gives buyers more room.
Nearby, Poland 47868 (33% sold over asking) and Spencer 47460 (11% sold over asking) are even more competitive.
Run the numbers for 47427
Nearby markets
Freedom 47431 — /sq ftGosport 47433Seller’s market $157 /sq ftPoland 47868Buyer’s market $169 /sq ftQuincy 47456 — /sq ft Browse all markets →Towns like Coal City nearby
Find towns like Coal City in other states →Where Coal City is
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Questions about Coal City real estate
Is Coal City a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Coal City, IN 47427 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 Coal City?
The typical home went under contract in 148 days in the latest three months.
Do homes in Coal City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Coal City?
About 0.66% of a home’s value a year in Owen County, or roughly $2,640 on a $400,000 home.
What is the median home price in Coal City?
The median sale price was $379,736 in the three months ending August 31, 2026, about $141 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