Is Goodland, IN 47948 a buyer’s or seller’s market?
Goodland is a seller’s market. With about 2.6 months of supply and 20% 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 Goodland housing market right now
In the three months ending August 31, 2026, 20% of homes in Goodland, IN 47948 sold above their list price, the typical home went under contract in 31 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (49 days then) and the median sale price fell 44% to $74,968. Overall, Goodland is more competitive than a year ago, so tougher for buyers.
Within Newton County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Thayer 46381 (0% sold over asking) or Sumava Resorts 46379 (0% sold over asking), while Brook 47922 (33% sold over asking) is even more competitive.
Run the numbers for 47948
Nearby markets
Brook 47922Balanced $111 /sq ftFair Oaks 47943 — /sq ftKentland 47951Seller’s market $107 /sq ftLake Village 46349Balanced $159 /sq ft Browse all markets →Where Goodland is
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Questions about Goodland real estate
Is Goodland a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Goodland, IN 47948 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 Goodland?
The typical home went under contract in 31 days in the latest three months.
Do homes in Goodland sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Goodland?
About 0.77% of a home’s value a year in Newton County, or roughly $3,080 on a $400,000 home.
What is the median home price in Goodland?
The median sale price was $74,968 in the three months ending August 31, 2026, about $66 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