Is Marshall, IN 47859 a buyer’s or seller’s market?
Marshall 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 Marshall housing market right now
In the three months ending August 31, 2026, 0% of homes in Marshall, IN 47859 sold above their list price, the typical home went under contract in 126 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 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 was about the same (0% then), homes sold more slowly (56 days then) and the median sale price fell 18% to $162,430. Overall, Marshall is less competitive than a year ago, which gives buyers more room.
Within Parke County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Bloomingdale 47832 (50% sold over asking) and Montezuma 47862 (40% sold over asking) are even more competitive.
Run the numbers for 47859
Nearby markets
Bloomingdale 47832Balanced $134 /sq ftCarbon 47837Seller’s market $327 /sq ftMecca 47860 — /sq ftMontezuma 47862Seller’s market $86 /sq ft Browse all markets →Where Marshall is
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Questions about Marshall real estate
Is Marshall a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Marshall, IN 47859 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 Marshall?
The typical home went under contract in 126 days in the latest three months.
Do homes in Marshall sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.
What are property taxes in Marshall?
About 0.49% of a home’s value a year in Parke County, or roughly $1,960 on a $400,000 home.
What is the median home price in Marshall?
The median sale price was $162,430 in the three months ending August 31, 2026, about $132 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