Is Clay City, IN 47841 a buyer’s or seller’s market?
Clay City is a seller’s market. With about 1.6 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 Clay City housing market right now
In the three months ending August 31, 2026, 0% of homes in Clay City, IN 47841 sold above their list price, the typical home went under contract in 29 days and there were 1.6 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 faster (45 days then) and the median sale price fell 35% to $229,900. Overall, Clay City is more competitive than a year ago, so tougher for buyers.
Within Clay County, homes here sell more slowly 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, Lewis 47858 (50% sold over asking) and Brazil 47834 (15% sold over asking) are even more competitive.
Run the numbers for 47841
Nearby markets
Bowling Green 47833Seller’s market $172 /sq ftBrazil 47834Seller’s market $130 /sq ftCenterpoint 47840Buyer’s market $151 /sq ftCory 47846 — /sq ft Browse all markets →Towns like Clay City nearby
Find towns like Clay City in other states →Where Clay City is
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Questions about Clay City real estate
Is Clay City a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Clay City, IN 47841 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 Clay City?
The typical home went under contract in 29 days in the latest three months.
Do homes in Clay City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Clay City?
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 Clay City?
The median sale price was $229,900 in the three months ending August 31, 2026, about $135 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