The 47408 housing market is somewhat competitive. The median sale price of a home in 47408 was $375K last month, up 4.9% since last year. The median sale price per square foot in 47408 is $215, up 20.1% since last year.
In February 2025, 47408 home prices were up 4.9% compared to last year, selling for a median price of $375K. On average, homes in 47408 sell after 74 days on the market compared to 90 days last year. There were 31 homes sold in February this year, up from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$375,000
+4.9% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
47408, IN
$375,000
+4.9%
United States
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How hot is the 47408 housing market?
47408 is somewhat competitive. Homes sell in 51.5 days.
0
100
53
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 52 days.
Hot homes
can sell for around list price and go pending in around 26 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 47408 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 47408.
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
47408 has a moderate risk of flooding. 676 properties in 47408 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 47408. Flood risk is increasing slower than the national average.
91% of properties are at risk of wildfire over the next 30 years
Fire Factor
47408 has a moderate risk of wildfire. There are 7,135 properties in 47408 that have some risk of being affected by wildfire over the next 30 years. This represents 91% of all properties in 47408.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
47408 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 47408 is most at risk from hurricanes. 7,806 properties in 47408 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 50 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 58 mph.