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Is Cannelton, IN 47520 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Cannelton 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 list50%Share of sales, last 3 months
Median sale-to-list102.5%Sold price ÷ list price
Median days on market18Listing to accepted offer
Median price per sq ft$99▼ −55.1% vs. last year

The Cannelton housing market right now

In the three months ending August 31, 2026, 50% of homes in Cannelton, IN 47520 sold above their list price and the typical home went under contract in 18 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 rose from 0%, homes sold faster (31 days then) and the median sale price fell 54% to $167,428. Overall, Cannelton is more competitive than a year ago, so tougher for buyers.

Within Perry County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Leopold 47551 (0% sold over asking) or Derby 47525 (0% sold over asking).

Run the numbers for 47520

Prefilled for 47520Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47520Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Branchville 47514 — /sq ftBristow 47515Seller’s market $24 /sq ftDerby 47525 $175 /sq ftLeopold 47551Seller’s market $174 /sq ft Browse all markets →

Towns like Cannelton nearby

Find towns like Cannelton in other states →
Tell City, IN47586 · 2 miles away87% similarlarger Hawesville, KY42348 · 7 miles away87% similarcheaper homes ($41K less) · larger Rockport, IN47635 · 20 miles away87% similarlarger Maceo, KY42355 · 17 miles away84% similarsmaller · older residents

Where Cannelton is

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Questions about Cannelton real estate

How fast do homes sell in Cannelton?

The typical home went under contract in 18 days in the latest three months.

Do homes in Cannelton sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 102.5% of the list price.

What are property taxes in Cannelton?

About 0.68% of a home’s value a year in Perry County, or roughly $2,720 on a $400,000 home.

What is the median home price in Cannelton?

The median sale price was $167,428 in the three months ending August 31, 2026, about $99 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