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Is Centerpoint, IN 47840 a buyer’s or seller’s market?

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

Centerpoint 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.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market0Listing to accepted offer
Median price per sq ft$151

The Centerpoint housing market right now

In the three months ending August 31, 2026, 0% of homes in Centerpoint, IN 47840 sold above their list price, the typical home went under contract in 0 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.

Within Clay County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Lewis 47858 (50% sold over asking) and Brazil 47834 (15% sold over asking) are even more competitive.

Run the numbers for 47840

Prefilled for 47840Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47840Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bowling Green 47833Seller’s market $172 /sq ftBrazil 47834Seller’s market $130 /sq ftClay City 47841Seller’s market $135 /sq ftCory 47846 — /sq ft Browse all markets →

Towns like Centerpoint nearby

Find towns like Centerpoint in other states →
Springville, IN47462 · 40 miles away85% similarpricier homes ($57K more) · larger Bainbridge, IN46105 · 30 miles away82% similarpricier homes ($79K more) Roachdale, IN46172 · 35 miles away82% similarolder residents Fillmore, IN46128 · 26 miles away76% similarpricier homes ($39K more) · older residents

Where Centerpoint is

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Questions about Centerpoint real estate

Is Centerpoint a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Centerpoint, IN 47840 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 Centerpoint?

The typical home went under contract in 0 days in the latest three months.

Do homes in Centerpoint sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Centerpoint?

About 0.41% of a home’s value a year in Clay County, or roughly $1,640 on a $400,000 home.

What is the median home price in Centerpoint?

The median sale price was $214,907 in the three months ending August 31, 2026, about $151 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