Is Carbon, IN 47837 a buyer’s or seller’s market?
Carbon is a seller’s market. With about 3.2 months of supply and 0% 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 Carbon housing market right now
In the three months ending August 31, 2026, 0% of homes in Carbon, IN 47837 sold above their list price, the typical home went under contract in 20 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 fell from 100% and the median sale price rose 520% to $734,682. Overall, Carbon is less competitive than a year ago, which gives buyers more room.
Within Parke County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Bloomingdale 47832 (50% sold over asking) and Montezuma 47862 (40% sold over asking) are even more competitive.
Run the numbers for 47837
Nearby markets
Bloomingdale 47832Balanced $134 /sq ftMarshall 47859Seller’s market $132 /sq ftMecca 47860 — /sq ftMontezuma 47862Seller’s market $86 /sq ft Browse all markets →Where Carbon is
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Questions about Carbon real estate
Is Carbon a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Carbon, IN 47837 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 Carbon?
The typical home went under contract in 20 days in the latest three months.
Do homes in Carbon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 86.5% of the list price.
What are property taxes in Carbon?
About 0.49% of a home’s value a year in Parke County, or roughly $1,960 on a $400,000 home.
What is the median home price in Carbon?
The median sale price was $734,682 in the three months ending August 31, 2026, about $327 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