Is Bruceville, IN 47516 a buyer’s or seller’s market?
Bruceville 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.
The Bruceville housing market right now
In the three months ending August 31, 2026, 0% of homes in Bruceville, IN 47516 sold above their list price and the typical home went under contract in 205 days. With only 2 sales, 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 (42 days then) and the median sale price fell 36% to $157,182. Overall, Bruceville is less competitive than a year ago, which gives buyers more room.
Within Knox County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Bicknell 47512 (25% sold over asking) and Oaktown 47561 (25% sold over asking) are even more competitive.
Run the numbers for 47516
Nearby markets
Bicknell 47512Balanced $109 /sq ftEdwardsport 47528Seller’s market $80 /sq ftMonroe City 47557Seller’s market $126 /sq ftOaktown 47561Seller’s market $71 /sq ft Browse all markets →Where Bruceville is
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Questions about Bruceville real estate
How fast do homes sell in Bruceville?
The typical home went under contract in 205 days in the latest three months.
Do homes in Bruceville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Bruceville?
About 0.68% of a home’s value a year in Knox County, or roughly $2,720 on a $400,000 home.
What is the median home price in Bruceville?
The median sale price was $157,182 in the three months ending August 31, 2026, about $69 per square foot.
Local agents
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More tools for 47516
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology