Borden IN Housing Market & Real Estate Update (March 2, 2026)
Borden, IN – March 2, 2026 – A quiet local market check for buyers and sellers: limited inventory, mixed land listings, and mortgage rates near 6%.
March 2, 2026 housing check in Borden, IN: this is a small, thinly traded market where a few active listings—or a couple of closings—can noticeably shift the snapshot numbers from one update to the next. Recent portal views point to limited inventory, a blend of homes and land, and mortgage rates hovering near 6%.
Top takeaways
- Redfin shows a $224K typical sale price (+12.1% year over year), about 99 days on market, limited recent sales volume (2 homes sold in the period shown), and an average sale about 1.5% under list.
- Realtor.com’s ZIP 47106 market view lists 23 homes for sale with a ~$330K median list price, plus a 98% sales-to-list ratio and roughly 82 days on market.
- Overall inventory skews toward a mix of single-family homes and acreage/land tracts.
Market snapshot
The Redfin and Realtor.com views broadly tell a similar story: turnover appears light, and buyers who stay patient may find negotiating room—particularly on listings that are priced above nearby competition or that have been sitting. The sales-to-list readings (about 1.5% under list on Redfin; 98% on Realtor.com) suggest that pricing still matters, even if the market can feel “quiet” at times.
For sellers, that same dynamic can be a reminder that condition, presentation, and realistic list pricing can help avoid extended time on market. For buyers, it’s a cue to watch days-on-market and recent price changes closely and to be ready when a well-priced home or tract hits the market.
What’s for sale
- Current portals highlight a top-priced single-family listing around $550K and a lower-priced option around $235K.
- Land options include multiple State Road 60 acreage tracts around $325K–$650K.
- Larger parcels in the ZIP reach about $510K and extend up to roughly $3.0M.
Rates watch
Freddie Mac’s Primary Mortgage Market Survey (PMMS) shows a 30-year fixed average of 5.98% for the week ending Feb. 26, 2026, putting the headline rate back under 6%. Comparing quotes can still be worthwhile, and it helps to ask how points and credit score affect the payment and cash-to-close.
Are sellers getting showings quickly, or are listings sitting longer than last spring?