Is Carlisle, IN 47838 a buyer’s or seller’s market?
Carlisle is a seller’s market. With about 2.7 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 Carlisle housing market right now
In the three months ending August 31, 2026, 0% of homes in Carlisle, IN 47838 sold above their list price, the typical home went under contract in 142 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, 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 (0% then), homes sold more slowly (64 days then) and the median sale price rose 96% to $203,412. Overall, Carlisle is less competitive than a year ago, which gives buyers more room.
Within Sullivan County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Hymera 47855 (100% sold over asking) and Farmersburg 47850 (22% sold over asking) are even more competitive.
Run the numbers for 47838
Nearby markets
Dugger 47848Seller’s market $116 /sq ftFairbanks 47849 — /sq ftFarmersburg 47850Seller’s market $83 /sq ftHymera 47855Buyer’s market $68 /sq ft Browse all markets →Towns like Carlisle nearby
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Questions about Carlisle real estate
Is Carlisle a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Carlisle, IN 47838 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 Carlisle?
The typical home went under contract in 142 days in the latest three months.
Do homes in Carlisle sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.9% of the list price.
What are property taxes in Carlisle?
About 0.61% of a home’s value a year in Sullivan County, or roughly $2,440 on a $400,000 home.
What is the median home price in Carlisle?
The median sale price was $203,412 in the three months ending August 31, 2026, about $108 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