Is Sullivan, IN 47882 a buyer’s or seller’s market?
Sullivan is a seller’s market. With about 1.5 months of supply and 8% 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.
More competitive than 44% of U.S. ZIP codes, and #202 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Sullivan housing market right now
In the three months ending August 31, 2026, 8% of homes in Sullivan, IN 47882 sold above their list price, the typical home went under contract in 32 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 39 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (36 days then) and the median sale price rose 16% to $193,616. Overall, Sullivan is more competitive than a year ago, so tougher for buyers.
Within Sullivan County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Sullivan ranks #202 of 306 IN ZIP codes with enough sales (score 44 out of 100).
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 47882
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 Sullivan nearby
Find towns like Sullivan in other states →Where Sullivan is
Loading map…
Questions about Sullivan real estate
Is Sullivan a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Sullivan, IN 47882 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 Sullivan?
The typical home went under contract in 32 days in the latest three months.
Do homes in Sullivan sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Sullivan?
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 Sullivan?
The median sale price was $193,616 in the three months ending August 31, 2026, about $119 per square foot.
Local agents
See all agents in 47882 →No sponsored agents in 47882 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 47882
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology