Is Lewis, IN 47858 a buyer’s or seller’s market?
Lewis 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.
The Lewis housing market right now
In the three months ending August 31, 2026, 50% of homes in Lewis, IN 47858 sold above their list price and the typical home went under contract in 9 days. 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 fell from 100%, homes sold faster (104 days then) and the median sale price fell 63% to $109,952. Overall, Lewis is less competitive than a year ago, which gives buyers more room.
Within Clay County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Knightsville 47857 (0% sold over asking) or Clay City 47841 (0% sold over asking).
Run the numbers for 47858
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 Lewis is
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Questions about Lewis real estate
How fast do homes sell in Lewis?
The typical home went under contract in 9 days in the latest three months.
Do homes in Lewis sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 107.1% of the list price.
What are property taxes in Lewis?
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 Lewis?
The median sale price was $109,952 in the three months ending August 31, 2026, about $95 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