Is Spurgeon, IN 47584 a buyer’s or seller’s market?
Spurgeon is a seller’s market. With about 1.6 months of supply and 50% 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 Spurgeon housing market right now
In the three months ending August 31, 2026, 50% of homes in Spurgeon, IN 47584 sold above their list price, the typical home went under contract in 17 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 100%, homes sold more slowly (2 days then) and the median sale price fell 43% to $62,573. Overall, Spurgeon is less competitive than a year ago, which gives buyers more room.
Within Pike County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Stendal 47585 (0% sold over asking) or Petersburg 47567 (20% sold over asking).
Run the numbers for 47584
Nearby markets
Otwell 47564Seller’s market $137 /sq ftPetersburg 47567Balanced $125 /sq ftStendal 47585 $135 /sq ftVelpen 47590 — /sq ft Browse all markets →Where Spurgeon is
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Questions about Spurgeon real estate
Is Spurgeon a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Spurgeon, IN 47584 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 Spurgeon?
The typical home went under contract in 17 days in the latest three months.
Do homes in Spurgeon sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 91.4% of the list price.
What are property taxes in Spurgeon?
About 0.78% of a home’s value a year in Pike County, or roughly $3,120 on a $400,000 home.
What is the median home price in Spurgeon?
The median sale price was $62,573 in the three months ending August 31, 2026, about $49 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