Is Rensselaer, IN 47978 a buyer’s or seller’s market?
Rensselaer is a seller’s market. With about 2.9 months of supply and 14% 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 42% of U.S. ZIP codes, and #215 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 Rensselaer housing market right now
In the three months ending August 31, 2026, 14% of homes in Rensselaer, IN 47978 sold above their list price, the typical home went under contract in 21 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 30 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold about as fast and the median sale price rose 9% to $218,905. Overall, Rensselaer is more competitive than a year ago, so tougher for buyers.
On our competition score, Rensselaer ranks #215 of 306 IN ZIP codes with enough sales (score 42 out of 100).
Nearby, buyers who want less competition could look at Wheatfield 46392 (10% sold over asking), while Remington 47977 (50% sold over asking) and Demotte 46310 (22% sold over asking) are even more competitive.
Run the numbers for 47978
Nearby markets
Demotte 46310Seller’s market $179 /sq ftRemington 47977Buyer’s market $87 /sq ftWheatfield 46392Seller’s market $202 /sq ft Browse all markets →Towns like Rensselaer nearby
Find towns like Rensselaer in other states →Where Rensselaer is
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Questions about Rensselaer real estate
Is Rensselaer a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Rensselaer, IN 47978 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 Rensselaer?
The typical home went under contract in 21 days in the latest three months.
Do homes in Rensselaer sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Rensselaer?
About 0.46% of a home’s value a year in Jasper County, or roughly $1,840 on a $400,000 home.
What is the median home price in Rensselaer?
The median sale price was $218,905 in the three months ending August 31, 2026, about $154 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