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Featured local agent — Mitchell, IN
Sarah Mitchell
Compass Real Estate · Mitchell, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mitchell, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$152,000median sale price
How is the Mitchell, IN housing market right now?
The median home sale price in Mitchell, IN is $152,000, up 1.7% year-over-year. Homes sell in an average of 95 days with 27 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mitchell a buyer's or seller's market?
Mitchell, IN is currently a buyer's market, based on 5.4 months of supply and homes selling in about 95 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
95
Average pace
Active listings
27
5.4 months supply
Sale-to-list
98.8%
Below asking
What does the Mitchell housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $152,000 |
| Median list price | $155,000 |
| Year-over-year price change | +1.7% |
| Average days on market | 95 days |
| Active inventory | 27 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 10 |
| Listings with a price cut | 11.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Mitchell by property type?
How the Mitchell, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $152,000 | $153/sq ft | 5 | 95 days |
Source: Redfin · Updated monthly
The Mitchell housing market is currently classified as a buyer's market with a median sale price of $152,000. Prices have risen 1.7% compared to last year, with homes spending an average of 95 days on market, indicating 5.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Mitchell
There are currently 27 homes listed for sale in Mitchell, Indiana. The median listing price is $155K.
Active listings
27
Homes on market
Median list price
$155K
Avg. days on market
95
Days until sale
New this week
10
Newly listed
Who lives in Mitchell?
Population
3,941
Median income
$45,580/yr
Median age
37.7 years
Owner-occupied
60.4%
College grads
17.2%
Avg commute
19.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Mitchell?
Zillow home value
$194,232
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Mitchell?
Mitchell is a community of approximately 4K residents with a median age of 37.7 years.The median household income is $45,580, which represents a working-class community with solid middle-income opportunities. 17.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.4%, showing a blend of owner and renter-occupied properties. The average commute time is 19.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mitchell offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mitchell?
4 schools tracked · 650 students
The largest public schools serving Mitchell, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mitchell High School
Grades 9-12 · 213 students
Hatfield Elementary School
Grades PK-2 · 183 students
Burris Elementary School
Grades 3-5 · 140 students
Mitchell Jr High School
Grades 6-8 · 114 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mitchell, IN?
Want a head-to-head view? Compare Mitchell side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mitchell?
The median home sale price in Mitchell is $152,000, up 1.7% from last year.
How long do homes stay on market in Mitchell?
Homes typically spend 95 days on market before going under contract.
What is the median income in Mitchell?
The median household income is $45,580 per year.
Is Mitchell a buyer's or seller's market?
With 5.4 months of supply, Mitchell is currently a buyer's market.
What is the Zillow home value estimate for Mitchell?
The Zillow Home Value Index (ZHVI) for Mitchell is $194,232, representing the typical home value in the area.
How much does a single-family home cost in Mitchell?
The median single-family home price in Mitchell, IN is $152,000 (about $153 per square foot).
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