Is Oaktown, IN 47561 a buyer’s or seller’s market?
Oaktown is a seller’s market. With about 0.8 months of supply and 25% 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 Oaktown housing market right now
In the three months ending August 31, 2026, 25% of homes in Oaktown, IN 47561 sold above their list price, the typical home went under contract in 38 days and there were 0.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 more slowly (1 days then) and the median sale price fell 56% to $105,954. Overall, Oaktown is more competitive than a year ago, so tougher for buyers.
Within Knox County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 80%.
Nearby, buyers who want less competition could look at Monroe City 47557 (0% sold over asking) or Edwardsport 47528 (0% sold over asking).
Run the numbers for 47561
Nearby markets
Bicknell 47512Balanced $109 /sq ftBruceville 47516 $69 /sq ftEdwardsport 47528Seller’s market $80 /sq ftMonroe City 47557Seller’s market $126 /sq ft Browse all markets →Towns like Oaktown nearby
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Questions about Oaktown real estate
Is Oaktown a buyer’s or seller’s market?
A seller’s market: there were 0.8 months of supply in Oaktown, IN 47561 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 Oaktown?
The typical home went under contract in 38 days in the latest three months.
Do homes in Oaktown sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 88.4% of the list price.
What are property taxes in Oaktown?
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 Oaktown?
The median sale price was $105,954 in the three months ending August 31, 2026, about $71 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