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Is Waveland, IN 47989 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Waveland is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.7%Sold price ÷ list price
Median days on market202Listing to accepted offer
Median price per sq ft$230▲ +188.1% vs. last year

The Waveland housing market right now

In the three months ending August 31, 2026, 0% of homes in Waveland, IN 47989 sold above their list price, the typical home went under contract in 202 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 more slowly (167 days then) and the median sale price rose 73% to $224,853. Overall, Waveland is less competitive than a year ago, which gives buyers more room.

Within Montgomery County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Linden 47955 (71% sold over asking) and Wingate 47994 (50% sold over asking) are even more competitive.

Run the numbers for 47989

Prefilled for 47989Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47989Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Crawfordsville 47933Seller’s market $137 /sq ftDarlington 47940Seller’s market $157 /sq ftLadoga 47954Seller’s market $140 /sq ftLinden 47955Seller’s market $158 /sq ft Browse all markets →

Towns like Waveland nearby

Find towns like Waveland in other states →
Darlington, IN47940 · 20 miles away73% similarlower income ($33K less) · pricier homes ($29K more) New Ross, IN47968 · 15 miles away72% similarpricier homes ($91K more) · newer homes Ladoga, IN47954 · 11 miles away70% similarpricier homes ($66K more) · larger Colfax, IN46035 · 28 miles away66% similarlower income ($31K less) · pricier homes ($42K more)

Where Waveland is

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Questions about Waveland real estate

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

A buyer’s market: there were 6.4 months of supply in Waveland, IN 47989 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 Waveland?

The typical home went under contract in 202 days in the latest three months.

Do homes in Waveland sell over asking?

0% 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 Waveland?

About 0.65% of a home’s value a year in Montgomery County, or roughly $2,600 on a $400,000 home.

What is the median home price in Waveland?

The median sale price was $224,853 in the three months ending August 31, 2026, about $230 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