Is Montezuma, IN 47862 a buyer’s or seller’s market?

The Montezuma housing market right now

In the three months ending August 31, 2026, 40% of homes in Montezuma, IN 47862 sold above their list price, the typical home went under contract in 27 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (79 days then) and the median sale price fell 57% to $141,939. Overall, Montezuma is less competitive than a year ago, which gives buyers more room.

Within Parke County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%.

Nearby, buyers who want less competition could look at Rosedale 47874 (0% sold over asking) or Marshall 47859 (0% sold over asking), while Bloomingdale 47832 (50% sold over asking) is even more competitive.