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Is Shoals, IN 47581 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Shoals is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.8%Sold price ÷ list price
Median days on market32Listing to accepted offer
Median price per sq ft$111▼ −1.7% vs. last year

The Shoals housing market right now

In the three months ending August 31, 2026, 0% of homes in Shoals, IN 47581 sold above their list price, the typical home went under contract in 32 days and there were 5.9 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. With only 6 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (91 days then) and the median sale price fell 22% to $183,121. Overall, Shoals is less competitive than a year ago, which gives buyers more room.

Run the numbers for 47581

Prefilled for 47581Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47581Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Crane 47522 $108 /sq ftLoogootee 47553Balanced $170 /sq ft Browse all markets →

Towns like Shoals nearby

Find towns like Shoals in other states →
Birdseye, IN47513 · 26 miles away90% similarsmaller Marengo, IN47140 · 31 miles away86% similaryounger residents Bloomfield, IN47424 · 25 miles away83% similarlarger Paoli, IN47454 · 20 miles away82% similarpricier homes ($27K more) · larger

Where Shoals is

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Questions about Shoals real estate

Is Shoals a buyer’s or seller’s market?

A balanced market: there were 5.9 months of supply in Shoals, IN 47581 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 Shoals?

The typical home went under contract in 32 days in the latest three months.

Do homes in Shoals sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.

What are property taxes in Shoals?

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 Shoals?

The median sale price was $183,121 in the three months ending August 31, 2026, about $111 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