Is West Terre Haute, IN 47885 a buyer’s or seller’s market?
West Terre Haute is a seller’s market. With about 2.4 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.
More competitive than 31% of U.S. ZIP codes, and #265 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 West Terre Haute housing market right now
In the three months ending August 31, 2026, 0% of homes in West Terre Haute, IN 47885 sold above their list price, the typical home went under contract in 15 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 20 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (6 days then) and the median sale price rose 140% to $259,888. Overall, West Terre Haute is less competitive than a year ago, which gives buyers more room.
Within Vigo County, homes here sell faster, and less often over asking, than in any other ZIP code in the county. On our competition score, West Terre Haute ranks #265 of 306 IN ZIP codes with enough sales (score 34 out of 100).
Nearby, Terre Haute 47803 (28% sold over asking) and Terre Haute 47802 (19% sold over asking) are even more competitive.
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Nearby markets
Pimento 47866 $160 /sq ftRiley 47871 — /sq ftTerre Haute 47802Seller’s market $136 /sq ftTerre Haute 47803Seller’s market $138 /sq ft Browse all markets →Towns like West Terre Haute nearby
Find towns like West Terre Haute in other states →Where West Terre Haute is
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Questions about West Terre Haute real estate
Is West Terre Haute a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in West Terre Haute, IN 47885 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 West Terre Haute?
The typical home went under contract in 15 days in the latest three months.
Do homes in West Terre Haute sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.
What are property taxes in West Terre Haute?
About 0.88% of a home’s value a year in Vigo County, or roughly $3,520 on a $400,000 home.
What is the median home price in West Terre Haute?
The median sale price was $259,888 in the three months ending August 31, 2026, about $121 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