Is Petersburg, IN 47567 a buyer’s or seller’s market?

The Petersburg housing market right now

In the three months ending August 31, 2026, 20% of homes in Petersburg, IN 47567 sold above their list price, the typical home went under contract in 24 days and there were 4.8 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 10 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold more slowly (9 days then) and the median sale price fell 2% to $184,420. Overall, Petersburg is about as competitive as it was a year ago.

Within Pike County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 75%.

Nearby, buyers who want less competition could look at Stendal 47585 (0% sold over asking), while Spurgeon 47584 (50% sold over asking) and Otwell 47564 (33% sold over asking) are even more competitive.