Is Patoka, IN 47666 a buyer’s or seller’s market?
Patoka is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Patoka housing market right now
In the three months ending August 31, 2026, 100% of homes in Patoka, IN 47666 sold above their list price, the typical home went under contract in 14 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (100% then), homes sold faster (28 days then) and the median sale price rose 178% to $319,862. Overall, Patoka is more competitive than a year ago, so tougher for buyers.
Within Gibson County, homes here sell more slowly than in 62% 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 Griffin 47616 (0% sold over asking) or Cynthiana 47612 (0% sold over asking).
Run the numbers for 47666
Nearby markets
Cynthiana 47612 $115 /sq ftFort Branch 47648 $168 /sq ftFrancisco 47649Seller’s market $129 /sq ftGriffin 47616 $117 /sq ft Browse all markets →Towns like Patoka nearby
Find towns like Patoka in other states →Where Patoka is
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Questions about Patoka real estate
Is Patoka a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Patoka, IN 47666 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 Patoka?
The typical home went under contract in 14 days in the latest three months.
Do homes in Patoka sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 103.6% of the list price.
What are property taxes in Patoka?
About 0.72% of a home’s value a year in Gibson County, or roughly $2,880 on a $400,000 home.
What is the median home price in Patoka?
The median sale price was $319,862 in the three months ending August 31, 2026, about $205 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