Is Merom, IN 47861 a buyer’s or seller’s market?
Merom is a seller’s market. With about 3.2 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 Merom housing market right now
In the three months ending August 31, 2026, 0% of homes in Merom, IN 47861 sold above their list price, the typical home went under contract in 106 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within Sullivan County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hymera 47855 (100% sold over asking) and Farmersburg 47850 (22% sold over asking) are even more competitive.
Run the numbers for 47861
Nearby markets
Carlisle 47838Seller’s market $108 /sq ftDugger 47848Seller’s market $116 /sq ftFairbanks 47849 — /sq ftFarmersburg 47850Seller’s market $83 /sq ft Browse all markets →Where Merom is
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Questions about Merom real estate
Is Merom a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Merom, IN 47861 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 Merom?
The typical home went under contract in 106 days in the latest three months.
Do homes in Merom sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 80.9% of the list price.
What are property taxes in Merom?
About 0.61% of a home’s value a year in Sullivan County, or roughly $2,440 on a $400,000 home.
What is the median home price in Merom?
The median sale price was $109,952 in the three months ending August 31, 2026, about $85 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