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Is Otterbein, IN 47970 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Otterbein is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.9Under 4 months = seller’s market
Sold above original list16.7%Share of sales, last 3 months
Median sale-to-list96.7%Sold price ÷ list price
Median days on market8Listing to accepted offer
Median price per sq ft$173▲ +15.2% vs. last year

The Otterbein housing market right now

In the three months ending August 31, 2026, 17% of homes in Otterbein, IN 47970 sold above their list price, the typical home went under contract in 8 days and there were 5.9 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 6 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 25%, homes sold faster (19 days then) and the median sale price rose 3% to $238,897. Overall, Otterbein is less competitive than a year ago, which gives buyers more room.

Run the numbers for 47970

Prefilled for 47970Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47970Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ambia 47917 — /sq ftPine Village 47975 — /sq ftWest Lebanon 47991 — /sq ftWilliamsport 47993Balanced $127 /sq ft Browse all markets →

Towns like Otterbein nearby

Find towns like Otterbein in other states →
Rossville, IN46065 · 28 miles away89% similarpricier homes ($31K more) Brookston, IN47923 · 14 miles away86% similarolder residents Rensselaer, IN47978 · 33 miles away85% similarlarger Dayton, IN47941 · 21 miles away81% similarsmaller · 8 min shorter commute

Where Otterbein is

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Questions about Otterbein real estate

Is Otterbein a buyer’s or seller’s market?

A balanced market: there were 5.9 months of supply in Otterbein, IN 47970 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 Otterbein?

The typical home went under contract in 8 days in the latest three months.

Do homes in Otterbein sell over asking?

17% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.

What are property taxes in Otterbein?

About 0.50% of a home’s value a year in Warren County, or roughly $2,000 on a $400,000 home.

What is the median home price in Otterbein?

The median sale price was $238,897 in the three months ending August 31, 2026, about $173 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