Is Lamar, IN 47550 a buyer’s or seller’s market?
Lamar is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Lamar housing market right now
In the three months ending August 31, 2026, 0% of homes in Lamar, IN 47550 sold above their list price, the typical home went under contract in 43 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within Spencer County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Grandview 47615 (50% sold over asking) and Richland 47634 (36% sold over asking) are even more competitive.
Run the numbers for 47550
Nearby markets
Chrisney 47611Seller’s market $125 /sq ftEvanston 47531 — /sq ftGentryville 47537 — /sq ftGrandview 47615Buyer’s market $299 /sq ft Browse all markets →Where Lamar is
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Questions about Lamar real estate
Is Lamar a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Lamar, IN 47550 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 Lamar?
The typical home went under contract in 43 days in the latest three months.
Do homes in Lamar sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Lamar?
About 0.62% of a home’s value a year in Spencer County, or roughly $2,480 on a $400,000 home.
What is the median home price in Lamar?
The median sale price was $404,825 in the three months ending August 31, 2026, about $112 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