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Featured local agent — Town of Pines, IN
Sarah Mitchell
Compass Real Estate · Town of Pines, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Town of Pines, IN Housing Market
The last median sale price Redfin published was $71,500, -77.3% year over year (through May 2026). With 0.5 months of supply and homes going under contract in about 15 days, Town of Pines is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $71,500 home is about $382/mo in principal and interest.
Key numbers for Town of Pines, IN
Median sale price
$71,500
-77.3% year over year
Redfin, through May 2026
Days on market
15
Fast-moving
Redfin, through May 2026
Active listings
1
0.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$51,944
Home costs 1.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
81.4%
Selling below asking
Redfin, through May 2026
Zillow figures 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 Town of Pines a buyer's or seller's market?
Town of Pines, IN is a seller's market, based on 0.5 months of supply and homes selling in about 15 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 Town of Pines housing market data show?
Every row below is Redfin's final published month for Town of Pines, IN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $71,500 |
| Median list price | $59,900 |
| Year-over-year price change | -77.3% |
| Median price per sq ft | $67/sq ft |
| Median days on market | 15 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 81.4% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Market condition | 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 Town of Pines is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Town of Pines 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 Town of Pines home prices moved?
Across the 30 months we hold for Town of Pines, IN, the median sale price fell 69.0%, from $230,750 in April 2021 to $71,500. For prices to fall meaningfully from here, supply would have to keep building past 0.5 months while the sale-to-list ratio slips below its current 81.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Town of Pines?
Priced off the median sale price of $71,500 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% | $14,300 | $57,200 | $382/mo |
| 5% | $3,575 | $67,925 | $453/mo |
Redfin, through May 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 $382, that implies roughly $16,359 a year before you add taxes and insurance. The median household in Town of Pines earns $51,944, about $35,585 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 1.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Town of Pines in the next 12 months?
Tell us your timeline. We send the Town of Pines 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 Town of Pines?
Zillow does not publish a rent index (ZORI) for Town of Pines, 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 Town of Pines?
Active listings in Town of Pines, IN went from 3 in February 2024 to 1 in May 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 |
|---|---|---|
| April 2024 | 6 | 4 |
| May 2024 | 6 | 2 |
| June 2024 | 5 | 1 |
| August 2024 | 5 | 1 |
| September 2024 | 3 | not published |
| March 2025 | 1 | 2 |
| May 2025 | 1 | not published |
| August 2025 | 3 | not published |
| September 2025 | 3 | not published |
| March 2026 | 2 | 3 |
| April 2026 | 1 | not published |
| May 2026 | 1 | 1 |
Redfin, through May 2026
How does Town of Pines compare to Indiana and the U.S.?
Town of Pines homes sell for $71,500 — 75% below the Indiana median of $287,300. Against the national median of $410,700, Town of Pines runs 83% lower. Year-over-year, Town of Pines moved -77.3% against Indiana's +4.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Town of Pines, IN | $71,500 | -77.3% | 15 days |
| Indiana statewide | $287,300 | +4.2% | 26 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Town of Pines
What buyers should watch
- Months of supply, currently 0.5. 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 $72 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 $71,500 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 Town of Pines listing goes under contract in 15 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 81.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Town of Pines added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Town of Pines varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Town of Pines
There are currently 1 homes listed for sale in Town of Pines, Indiana. The median listing price is $60K.
Active listings
1
Homes on market
Median list price
$60K
Avg. days on market
15
Days until sale
New this week
1
Newly listed
How much do homes cost in Town of Pines by property type?
How the Town of Pines, IN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $71,500 | $67/sq ft | 2 | 15 days |
Who lives in Town of Pines?
American Community Survey estimates for Town of Pines. U.S. Census ACS, 2023
Population
524
Households
278
Median income
$51,944/yr
Median age
54.4 years
Owner-occupied
82.4%
Median home value
$139,000
Median gross rent
$875/mo
Mean commute
24.9 min
82.4% of occupied homes in Town of Pines 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.
Which cities are near Town of Pines, IN?
Ordered by distance from Town of Pines, not by size. Compare Town of Pines side by side with any of them.
Town of Pines housing market FAQ
Is Town of Pines a buyer's or seller's market?
Town of Pines, IN is currently a seller's market. That read comes from 0.5 months of supply, homes going under contract in about 15 days, and sellers getting 81.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Town of Pines?
The median sale price in the last month Redfin published was $71,500, about $67 per square foot.
Is Town of Pines cheaper than the rest of Indiana?
Town of Pines's median sale price of $71,500 is 75% lower than the Indiana statewide median of $287,300, and 83% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Town of Pines?
Homes in Town of Pines, IN spent a median of 15 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 Town of Pines?
At the current 30-year fixed rate of 7.03%, 20% down on a $71,500 home is about $382 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $16,359 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $51,944.
Are home prices rising in Town of Pines?
Redfin's last published year-over-year change for Town of Pines, IN was -77.3%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Town of Pines?
Town of Pines 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 Town of Pines?
That depends on your timeline, not on a headline. What the data says today: Town of Pines, IN is a seller's market with 0.5 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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One email: what homes are actually clearing at around $71,500, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.