Is Shelburn, IN 47879 a buyer’s or seller’s market?
Shelburn is a seller’s market. With about 0.9 months of supply and 14% 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 Shelburn housing market right now
In the three months ending August 31, 2026, 14% of homes in Shelburn, IN 47879 sold above their list price, the typical home went under contract in 19 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 more slowly (6 days then) and the median sale price fell 33% to $164,929. Overall, Shelburn is less competitive than a year ago, which gives buyers more room.
Within Sullivan County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 50%.
Nearby, buyers who want less competition could look at Merom 47861 (0% sold over asking) or Carlisle 47838 (0% sold over asking), while Hymera 47855 (100% sold over asking) and Farmersburg 47850 (22% sold over asking) are even more competitive.
Run the numbers for 47879
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 →Towns like Shelburn nearby
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Questions about Shelburn real estate
Is Shelburn a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in Shelburn, IN 47879 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 Shelburn?
The typical home went under contract in 19 days in the latest three months.
Do homes in Shelburn sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 91.3% of the list price.
What are property taxes in Shelburn?
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 Shelburn?
The median sale price was $164,929 in the three months ending August 31, 2026, about $102 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