Is Oolitic, IN 47451 a buyer’s or seller’s market?
Oolitic is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Oolitic housing market right now
In the three months ending August 31, 2026, 33% of homes in Oolitic, IN 47451 sold above their list price, the typical home went under contract in 42 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold faster (90 days then) and the median sale price rose 42% to $231,900. Overall, Oolitic is more competitive than a year ago, so tougher for buyers.
Within Lawrence County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Williams 47470 (0% sold over asking) or Heltonville 47436 (0% sold over asking).
Run the numbers for 47451
Nearby markets
Avoca 47420Seller’s market $180 /sq ftBedford 47421Balanced $163 /sq ftHeltonville 47436Seller’s market $166 /sq ftMitchell 47446Balanced $123 /sq ft Browse all markets →Towns like Oolitic nearby
Find towns like Oolitic in other states →Where Oolitic is
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Questions about Oolitic real estate
Is Oolitic a buyer’s or seller’s market?
A buyer’s market: there were 8.5 months of supply in Oolitic, IN 47451 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 Oolitic?
The typical home went under contract in 42 days in the latest three months.
Do homes in Oolitic sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Oolitic?
About 0.60% of a home’s value a year in Lawrence County, or roughly $2,400 on a $400,000 home.
What is the median home price in Oolitic?
The median sale price was $231,900 in the three months ending August 31, 2026, about $176 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