Is Riley, IN 47871 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Riley 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 list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Riley housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Vigo County, IN

Population	441
Median income	$77,083
Average income	$71,769
Median home value	$108,800
Median rent	$864/month
Owner-occupied	75% of homes
Median year built	1956

Natural hazard riskTornadoes (relatively high), winter storms (relatively high), earthquakes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 47871; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 47871

Prefilled for 47871Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47871Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Pimento 47866 $160 /sq ft Terre Haute 47802Seller’s market $136 /sq ft Terre Haute 47803Seller’s market $138 /sq ft Terre Haute 47804Balanced $88 /sq ft Browse all markets →

Where Riley is

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Questions about Riley real estate

What are property taxes in Riley?

About 0.88% of a home’s value a year in Vigo County, or roughly $3,520 on a $400,000 home.

Local agents

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More tools for 47871

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 Vigo County property taxes Vigo County loan limits Closing costs in Indiana Hottest ZIP codes in Indiana

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