Is Dana, IN 47847 a buyer’s or seller’s market?

The Dana housing market right now

In the three months ending August 31, 2026, 50% of homes in Dana, IN 47847 sold above their list price, the typical home went under contract in 17 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (111 days then) and the median sale price held steady to $119,948. Overall, Dana is more competitive than a year ago, so tougher for buyers.

Within Vermillion County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 80%.

Nearby, buyers who want less competition could look at Newport 47966 (0% sold over asking) or Hillsdale 47854 (0% sold over asking), while Perrysville 47974 (100% sold over asking) is even more competitive.