Is Terre Haute, IN 47802 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Terre Haute is a seller’s market. With about 2.5 months of supply and 19% 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.

Competition score54/ 100

More competitive than 56% of U.S. ZIP codes, and #136 of 306 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.5Under 4 months = seller’s market
Sold above original list19.4%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market20Listing to accepted offer
Median price per sq ft$136▲ +31.2% vs. last year

The Terre Haute housing market right now

In the three months ending August 31, 2026, 19% of homes in Terre Haute, IN 47802 sold above their list price, the typical home went under contract in 20 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 111 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (30 days then) and the median sale price rose 18% to $226,902. Overall, Terre Haute is more competitive than a year ago, so tougher for buyers.

Within Vigo County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Terre Haute ranks #136 of 306 IN ZIP codes with enough sales (score 54 out of 100).

Nearby, buyers who want less competition could look at West Terre Haute 47885 (0% sold over asking) or Pimento 47866 (0% sold over asking), while Terre Haute 47803 (28% sold over asking) is even more competitive.

Nearby markets

Pimento 47866 $160 /sq ftRiley 47871 — /sq ftTerre Haute 47803Seller’s market $138 /sq ftTerre Haute 47804Balanced $88 /sq ft Browse all markets →

Where Terre Haute is

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Questions about Terre Haute real estate

Is Terre Haute a buyer’s or seller’s market?

A seller’s market: there were 2.5 months of supply in Terre Haute, IN 47802 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 Terre Haute?

The typical home went under contract in 20 days in the latest three months.

Do homes in Terre Haute sell over asking?

19% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in Terre Haute?

About 0.88% of a home’s value a year in Vigo County, or roughly $3,520 on a $400,000 home.

What is the median home price in Terre Haute?

The median sale price was $226,902 in the three months ending August 31, 2026, about $136 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