38647 Home Values & Market Trends
There are 6 homes currently listed for 38647. 38647 real estate market trends show that home prices range from $150,000 to $1,140,000, and the median sales price in the 38647 zip code is $436,029. The total number of properties sold within the past twelve months is 11. In 38647, 3 properties are in foreclosure, 2 are bank owned properties,and 1 are headed for auction.
Housing Market Summary for 38647
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $865K | $540K | -37.57% |
| Median Sold Price | $320.5K | $155.5K | -51.47% |
| Homes For Sale | 3 | 6 | 100.00% |
| Homes Sold | 3 | 19 | 533.33% |
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 38647
Browse Homes in 38647
The median list price of a home in Michigan City, is $436,029. A total of 6 properties are for sale, and the percentage of properties for sale in the zip code is 6.00%. The total count of 38647 properties is 31.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 38647 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 38647; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 38647 ranges from the highest value of $109,547 in michigan city to the lowest value of $109,547 in michigan city. Bank owned homes and properties account for 6.45% of properties in 38647. There is 1 cities within 38647; michigan city containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmichigan city has 1 auction properties, the highest number of properties going to auction in a single city in the state of 38647. Auction homes and other auction properties account for 3.23% of all properties in 38647. There is 1 cities within 38647; of that cities, the median estimated home value for homes going to auction ranges from $193,839 in michigan city to the lowest value of $193,839 in michigan city.
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Guide for 38647
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.