Is Ellettsville, IN 47429 a buyer’s or seller’s market?
Ellettsville is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 34% of U.S. ZIP codes, and #245 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Ellettsville housing market right now
In the three months ending August 31, 2026, 15% of homes in Ellettsville, IN 47429 sold above their list price, the typical home went under contract in 61 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 35 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold more slowly (55 days then) and the median sale price rose 8% to $292,823. Overall, Ellettsville is about as competitive as it was a year ago.
Within Monroe County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 80%. On our competition score, Ellettsville ranks #245 of 306 IN ZIP codes with enough sales (score 36 out of 100).
Nearby, buyers who want less competition could look at Bloomington 47404 (7% sold over asking) or Bloomington 47401 (8% sold over asking).
Run the numbers for 47429
Nearby markets
Bloomington 47401Balanced $191 /sq ftBloomington 47403Balanced $185 /sq ftBloomington 47404Balanced $191 /sq ftBloomington 47408Balanced $188 /sq ft Browse all markets →Towns like Ellettsville nearby
Find towns like Ellettsville in other states →Where Ellettsville is
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Questions about Ellettsville real estate
Is Ellettsville a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Ellettsville, IN 47429 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 Ellettsville?
The typical home went under contract in 61 days in the latest three months.
Do homes in Ellettsville sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Ellettsville?
About 0.71% of a home’s value a year in Monroe County, or roughly $2,840 on a $400,000 home.
What is the median home price in Ellettsville?
The median sale price was $292,823 in the three months ending August 31, 2026, about $179 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