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Is New Harmony, IN 47631 a buyer’s or seller’s market?

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

New Harmony 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.

Months of supply4.3Under 4 months = seller’s market
Sold above original list66.6%Share of sales, last 3 months
Median sale-to-list101.4%Sold price ÷ list price
Median days on market3Listing to accepted offer
Median price per sq ft$191▲ +38.9% vs. last year

The New Harmony housing market right now

In the three months ending August 31, 2026, 67% of homes in New Harmony, IN 47631 sold above their list price, the typical home went under contract in 3 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. With only 3 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 44%, homes sold faster (5 days then) and the median sale price rose 57% to $259,788. Overall, New Harmony is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Wadesville 47638 (0% sold over asking) or Poseyville 47633 (25% sold over asking).

Run the numbers for 47631

Prefilled for 47631Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47631Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Mount Vernon 47620Seller’s market $128 /sq ftPoseyville 47633Seller’s market $143 /sq ftWadesville 47638Seller’s market $145 /sq ft Browse all markets →

Towns like New Harmony nearby

Find towns like New Harmony in other states →
Corydon, KY42406 · 29 miles away89% similarVery close on income, prices and more Francisco, IN47649 · 29 miles away86% similarcheaper homes ($36K less) · smaller Lynnville, IN47619 · 34 miles away82% similarcheaper homes ($36K less) · younger residents Poseyville, IN47633 · 7 miles away77% similarcheaper homes ($41K less) · younger residents

Where New Harmony is

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Questions about New Harmony real estate

Is New Harmony a buyer’s or seller’s market?

A balanced market: there were 4.3 months of supply in New Harmony, IN 47631 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 New Harmony?

The typical home went under contract in 3 days in the latest three months.

Do homes in New Harmony sell over asking?

67% of homes sold above their original list price, and the typical sale closed at 101.4% of the list price.

What are property taxes in New Harmony?

About 0.62% of a home’s value a year in Posey County, or roughly $2,480 on a $400,000 home.

What is the median home price in New Harmony?

The median sale price was $259,788 in the three months ending August 31, 2026, about $191 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