$269,900
307 E Wall St
Advance, IN
4 bd2 ba2,160 sqft$125/ft²
House9,148 sqft lot
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Sarah Mitchell
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Compass Real Estate · Advance, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Advance, IN(512) 555-0184TX License #0512847
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Advance, IN Housing Market
Strong seller's market+0.9% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through February 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Advance, IN is worth $217,331, rose 0.9% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $195,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 9 days, Advance is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $217,331 home is about $1,160/mo in principal and interest.
Key numbers for Advance, IN
Typical home value
$217,331
+0.9% in 12 months
Zillow, August 2026
Median sale price
$195,000
Last published period
Redfin, through February 2026
Days on market
9
Fast-moving
Redfin, through February 2026
Active listings
1
1.0 months of supply
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,000
Home costs 3.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.5%
Selling below asking
Redfin, through February 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Advance a buyer's or seller's market?
Strong seller's market1.0 months of supply9 days on market97.5% of asking
Advance, IN is a strong seller's market, based on 1.0 months of supply and homes selling in about 9 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Advance housing market data show?
Every row below is Redfin's final published month for Advance, IN. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $195,000 |
| Median list price | $259,900 |
| Median price per sq ft | $82/sq ft |
| Median days on market | 9 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 97.5% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Advance is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Advance is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Advance home prices moved?
Across the 27 months we hold for Advance, IN, the median sale price rose 63.9%, from $119,000 in May 2021 to $195,000. The live Zillow value series has rose 0.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 97.5%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Advance?
Priced off the typical home value of $217,331 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $43,466 | $173,865 | $1,160/mo |
| 5% | $10,867 | $206,464 | $1,378/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,160, that implies roughly $49,724 a year before you add taxes and insurance. The median household in Advance earns $65,000, about $15,276 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.3x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Advance in the next 12 months?
Tell us your timeline. We send the Advance market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Advance?
Zillow does not publish a rent index (ZORI) for Advance, IN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Advance?
Active listings in Advance, IN went from 3 in November 2022 to 1 in February 2026, a -66.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| December 2022 | 2 | 2 |
| February 2023 | 1 | 2 |
| March 2023 | 1 | 2 |
| May 2023 | 1 | 1 |
| July 2023 | 1 | not published |
| October 2023 | 1 | 1 |
| December 2023 | 1 | 1 |
| May 2024 | 2 | 2 |
| July 2024 | 3 | 1 |
| April 2025 | 1 | not published |
| November 2025 | 1 | not published |
| February 2026 | 1 | 1 |
Redfin, through February 2026
How does Advance compare to Indiana and the U.S.?
Advance homes sell for $195,000 — 32% below the Indiana median of $287,300. Against the national median of $410,700, Advance runs 53% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Advance, IN | $195,000 | not published | 9 days |
| Indiana statewide | $287,300 | +4.2% | 26 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Advance
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $218 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $217,331 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Advance listing goes under contract in 9 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Advance added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +0.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Advance varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Advance
There are currently 1 homes listed for sale in Advance, Indiana. The median listing price is $260K.
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Active listings
1
Homes on market
Median list price
$260K
Avg. days on market
9
Days until sale
New this week
1
Newly listed
Sale-to-list:97.5%
How much do homes cost in Advance by property type?
How the Advance, IN market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $195,000 | $82/sq ft | 1 | 9 days |
Who lives in Advance?
American Community Survey estimates for Advance. U.S. Census ACS, 2023
Population
418
Households
182
Median income
$65,000/yr
Median age
47 years
Owner-occupied
83.5%
Median home value
$164,800
Median gross rent
$1,014/mo
Mean commute
29.4 min
83.5% of occupied homes in Advance are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $164,800 against Zillow's $217,331 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Advance, IN?
Ordered by distance from Advance, not by size. Compare Advance side by side with any of them.
Advance housing market FAQ
Is Advance a buyer's or seller's market?
Advance, IN is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 9 days, and sellers getting 97.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Advance?
The typical home in Advance, IN is worth $217,331 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $195,000, about $82 per square foot.
Is Advance cheaper than the rest of Indiana?
Advance's median sale price of $195,000 is 32% lower than the Indiana statewide median of $287,300, and 53% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Advance?
Homes in Advance, IN spent a median of 9 days on market before going under contract, versus 26 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Advance?
At the current 30-year fixed rate of 7.03%, 20% down on a $217,331 home is about $1,160 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $49,724 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,000.
Are home prices rising in Advance?
The typical home value in Advance, IN rose 0.9% over the last 12 months, from $215,469 to $217,331 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Advance?
Advance ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Advance?
That depends on your timeline, not on a headline. What the data says today: Advance, IN is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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