Is Fairbanks, IN 47849 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Fairbanks is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Fairbanks housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Sullivan County, IN

Population	395
Median income	$68,000
Average income	$141,095
Owner-occupied	82% of homes
Median year built	1993

Natural hazard riskWinter storms (relatively high), earthquakes (moderate), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 47849; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 47849

Prefilled for 47849Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47849Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Carlisle 47838Seller’s market $108 /sq ft Dugger 47848Seller’s market $116 /sq ft Farmersburg 47850Seller’s market $83 /sq ft Hymera 47855Buyer’s market $68 /sq ft Browse all markets →

Where Fairbanks is

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Questions about Fairbanks real estate

What are property taxes in Fairbanks?

About 0.61% of a home’s value a year in Sullivan County, or roughly $2,440 on a $400,000 home.

Local agents

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More tools for 47849

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Sullivan County property taxes Sullivan County loan limits Closing costs in Indiana Hottest ZIP codes in Indiana

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology