Is Loogootee, IN 47553 a buyer’s or seller’s market?
Loogootee is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 3% of U.S. ZIP codes, and #306 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Loogootee housing market right now
In the three months ending August 31, 2026, 0% of homes in Loogootee, IN 47553 sold above their list price, the typical home went under contract in 73 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (51 days then) and the median sale price rose 62% to $299,870. Overall, Loogootee is less competitive than a year ago, which gives buyers more room.
On our competition score, Loogootee ranks #306 of 306 IN ZIP codes with enough sales (score 9 out of 100).
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Questions about Loogootee real estate
Is Loogootee a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Loogootee, IN 47553 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 Loogootee?
The typical home went under contract in 73 days in the latest three months.
Do homes in Loogootee sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.2% of the list price.
What are property taxes in Loogootee?
About 0.54% of a home’s value a year in Martin County, or roughly $2,160 on a $400,000 home.
What is the median home price in Loogootee?
The median sale price was $299,870 in the three months ending August 31, 2026, about $170 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