47861 Home Values & Market Trends
There are 5 homes currently listed for 47861. 47861 real estate market trends show that home prices range from $15,000 to $38,500, and the median sales price in the 47861 zip code is $132,046. The total number of properties sold within the past twelve months is 4. In 47861, 1 properties are in foreclosure, 0 are bank owned properties,and 0 are headed for auction.
47861 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Merom | $ 132,046 $ 90/sqft |
Housing Market Summary for 47861
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $66,700 | $26,750 | -59.90% |
| Median Sold Price | $194.4K | $137.1K | -29.50% |
| Homes For Sale | 4 | 5 | 25.00% |
| Homes Sold | 6 | 3 | -50.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 47861
Browse Homes in 47861
The median list price of a home in Merom, is $132,046. A total of 5 properties are for sale, and the percentage of properties for sale in the zip code is 5.00%. The total count of 47861 properties is 10.
- Pre-ForeclosurePre-foreclosure homes account for 10.00% of all residential properties in 47861 with merom containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 47861; of that cities, the estimated home value for pre-foreclosure homes ranges from $122,715 in merom to the lowest home value of $122,715 in merom.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 47861 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 47861. There is 1 cities within 47861; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 47861. Auction homes and other auction properties account for 0% of all properties in 47861. There is 1 cities within 47861; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for 47861
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.