Is Francesville, IN 47946 a buyer’s or seller’s market?
Francesville is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Francesville housing market right now
In the three months ending August 31, 2026, 0% of homes in Francesville, IN 47946 sold above their list price, the typical home went under contract in 28 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (44 days then) and the median sale price fell 19% to $187,369. Overall, Francesville is more competitive than a year ago, so tougher for buyers.
Within Pulaski County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Monterey 46960 (40% sold over asking) and Winamac 46996 (35% sold over asking) are even more competitive.
Run the numbers for 47946
Nearby markets
Medaryville 47957Seller’s market $125 /sq ftMonterey 46960Seller’s market $117 /sq ftOra 46968 — /sq ftStar City 46985Seller’s market $95 /sq ft Browse all markets →Towns like Francesville nearby
Find towns like Francesville in other states →Where Francesville is
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Questions about Francesville real estate
Is Francesville a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Francesville, IN 47946 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 Francesville?
The typical home went under contract in 28 days in the latest three months.
Do homes in Francesville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.8% of the list price.
What are property taxes in Francesville?
About 0.45% of a home’s value a year in Pulaski County, or roughly $1,800 on a $400,000 home.
What is the median home price in Francesville?
The median sale price was $187,369 in the three months ending August 31, 2026, about $120 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