OfferBackedBuyer Tools

Is Knightsville, IN 47857 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Knightsville 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 list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market28Listing to accepted offer
Median price per sq ft$172▲ +714.6% vs. last year

The Knightsville housing market right now

In the three months ending August 31, 2026, 0% of homes in Knightsville, IN 47857 sold above their list price and the typical home went under contract in 28 days. With only 1 sale, 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 (96 days then) and the median sale price rose 350% to $151,934. Overall, Knightsville is more competitive than a year ago, so tougher for buyers.

Within Clay County, homes here sell more slowly than in 60% 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 47857

Prefilled for 47857Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47857Over-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 ftCenterpoint 47840Buyer’s market $151 /sq ftClay City 47841Seller’s market $135 /sq ft Browse all markets →

Where Knightsville is

Loading map…

Questions about Knightsville real estate

How fast do homes sell in Knightsville?

The typical home went under contract in 28 days in the latest three months.

Do homes in Knightsville 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 Knightsville?

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 Knightsville?

The median sale price was $151,934 in the three months ending August 31, 2026, about $172 per square foot.

Local agents

See all agents in 47857 →

No sponsored agents in 47857 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 47857

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 Clay County property taxesClay County loan limitsClosing costs in IndianaHottest ZIP codes in Indiana
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

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