47596Westphalia, IN Housing Market
$83,000median sale price
The 47596 zip code, located in Westphalia, IN, is currently classified as a buyer's market. The median sale price stands at $83,000. Homes in this area spend an average of 246 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 47596 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
246
Average pace
Active listings
—
Sale-to-list
92.3%
Below asking
Market trends
Market analysis for 47596
The 47596 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 92.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 47596 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
118
Median income
$96,771/yr
Median age
44.3 years
Owner-occupied
100.0%
Living in 47596
Zip code 47596 is home to approximately 118 residents. The median household income is $96,771 per year, which shapes the types of homes and amenities available in the area. With a median age of 44.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 100.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 47596.
Frequently asked questions about 47596
What is the median home price in 47596?
The current median sale price in 47596 is $83,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 47596 a buyer's or seller's market?
The 47596 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 47596?
Zip code 47596 has a population of approximately 118 residents. The median household income is $96,771 per year. About 100.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 47596?
Properties Incorporated provides comprehensive data for 47596 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 47596 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
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