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Sarah Mitchell
Compass Real Estate · ZIP 47803
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47803 ZIP Code Housing Market
$199,500median sale price
What is the 47803 housing market like right now?
The median home sale price in ZIP code 47803 is $199,500, up 58.7% year-over-year. Homes sell in an average of 27 days with 52 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 47803 ZIP code a buyer's or seller's market?
ZIP code 47803 is currently a balanced market and homes selling in about 27 days. How we determine this →
What are the latest 47803 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $199,500 |
| Median list price | $230,000 |
| Year-over-year price change | +58.7% |
| Average days on market | 27 days |
| Active inventory | 52 listings |
| Sale-to-list price ratio | 98.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 47803 zip code, located in Seelyville, IN, is currently classified as a balanced market. The median sale price stands at $199,500, representing a +58.7% change year over year. Homes in this area spend an average of 27 days on the market before going under contract. There are currently 52 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 47803 sits in the Seelyville, IN area, roughly 2.9 miles from downtown Seelyville. Because home prices are set street by street, this ZIP can move differently from Seelyville's citywide averages. The figures below reflect 47803 specifically — drawn from Redfin transactions, U.S. Census data for its 21,746 residents, and Zillow value estimates.
Homes sold
82
Last 12 weeks
Days on market
27
Average pace
Active listings
52
Sale-to-list
98.0%
Below asking
What is driving the 47803 housing market?
The 47803 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 47803 have increased +58.7% compared to last year, suggesting continued demand and potential for further appreciation. 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.
The Zillow Home Value Index (ZHVI) for 47803 stands at $183,062, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,288 per month. This gives a price-to-rent ratio of approximately 11.8, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 47803?
Population
21,746
Median income
$60,565/yr
Median age
36 years
Owner-occupied
69.1%
College grads
37.5%
Avg commute
17.68 min
What is it like living in 47803?
Zip code 47803 is home to approximately 21,746 residents. The median household income is $60,565 per year, which shapes the types of homes and amenities available in the area. With a median age of 36 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 69.1% 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.
About 37.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 17.68 minutes, which is shorter than the national average and suggests good proximity to employment centers. 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 47803.
Which public schools serve ZIP 47803?
3 schools tracked · 1,820 students
The largest public schools serving ZIP code 47803 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.
Woodrow Wilson Middle School
Grades 6-8 · 694 students
Lost Creek Elementary School
Grades PK-5 · 689 students
Adelaide De Vaney Elementary Sch
Grades PK-5 · 437 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 47803
What is the median home price in 47803?
The current median sale price in 47803 is $199,500, based on recent Redfin transaction data. Prices have changed +58.7% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 47803 a buyer's or seller's market?
The 47803 zip code is currently classified as a balanced 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 of zip code 47803?
Zip code 47803 has a population of approximately 21,746 residents. The median household income is $60,565 per year. About 69.1% 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 47803?
Properties Incorporated provides comprehensive data for 47803 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 47803 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.
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