Is Freedom, IN 47431 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Freedom 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 Freedom housing market right now

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

About the area

Owen County, IN

Population	1,662
Median income	$61,948
Average income	$88,624
Median home value	$163,500
Median rent	$742/month
Owner-occupied	89% of homes
Median year built	1992

Natural hazard riskWinter storms (relatively high), extreme heat (moderate), tornadoes (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 47431; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 47431

Prefilled for 47431Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47431Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Coal City 47427Seller’s market $141 /sq ft Gosport 47433Seller’s market $157 /sq ft Poland 47868Buyer’s market $169 /sq ft Quincy 47456 — /sq ft Browse all markets →

Towns like Freedom nearby

Find towns like Freedom in other states →

Quincy, IN47456 · 18 miles away71% similarolder residents · older homes Morgantown, IN46160 · 32 miles away47% similarpricier homes ($78K more) · larger Reelsville, IN46171 · 24 miles away42% similarpricier homes ($124K more) · 18 min shorter commute Williams, IN47470 · 33 miles away39% similarhigher income ($29K more) · pricier homes ($26K more)

Where Freedom is

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Questions about Freedom real estate

What are property taxes in Freedom?

About 0.66% of a home’s value a year in Owen County, or roughly $2,640 on a $400,000 home.

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More tools for 47431

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 Owen County property taxes Owen 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