A white two-story farmhouse with a covered front porch and a metal roof on a grassy lawn, beside a navy panel reading "Hope area: How far below first price did sales go?", with the Mark Dietel Realty logo.
Published

Hope Area Homes: 79% Sold Below Their First Asking Price

Of 57 homes sold in ZIP Code 47246 from November 2025 to October 2026, 79% sold below their original list price, against 71% in Bartholomew County.

A little further than across the county, and more often. Local listing data shows 57 homes sold in ZIP Code 47246, which takes in Hope and reaches beyond the town, from November 2025 to October 2026. Of those, 79% sold below their original list price, and the median sale brought 96.0% of it. Across Bartholomew County, 71% sold below and the median brought 96.7%. In the area's largest group, the 26 homes that sold under $200,000, 88% came in below their first price. With so few sales, these figures show how past sales went, not what any one home will bring.

What we analyzed: residential sales and listings in ZIP Code 47246, which takes in Hope, and across Bartholomew County from local listing data cleared for public display: November 2025 to October 2026 (overall and by final sale price), August to October 2026 and the homes for sale on Nov. 13, 2026.

How often did Hope-area homes sell below their first price?

Most did. Of the 57 homes sold in ZIP Code 47246 over the 12 months to October 2026, 79% went for less than their original list price. Across Bartholomew County the share was 71%. By the median, a Hope-area sale brought 96.0% of its first price, against 96.7% for the county.

The county figures are not split by price, so they cannot show where that gap comes from, and the two sets of sales differ: the Hope-area median sale price was $217,000, against $275,000 for the county. Within ZIP Code 47246, the largest group, 26 homes that sold under $200,000, saw 88% close below their first price, with a median of 94.3% of it. The 8 homes that sold for $300,000 to $399,999 came closer on both counts, but 8 sales are a thin base.

ZIP Code 47246 sales by final sale price, November 2025 to October 2026

Source: local listing data, residential sales cleared for public display. ZIP Code 47246 takes in Hope and reaches beyond the town. Groups are by final sale price.

Final sale priceHomes soldSold below original listMedian sale as share of original listMedian days to contract
Under $200,0002688%94.3%31
$200,000 to $299,9991479%96.5%30
$300,000 to $399,999850%97.2%6
$400,000 to $599,999771%95.9%31
$600,000 and up2Too few to reportToo few to reportToo few to report

These groups are sorted by final sale price after the fact. They cannot show that a home listed under $200,000 must come down, and the homes in each group differ in size, age, land and condition. What they do show is that the area-wide median can hide how sales near your price went.

What does a 96% median mean for a Hope seller?

It means the typical sale gave up a few percent of its first price, and that most sellers moved off their first price before closing, through a price cut, a lower accepted offer or both. The figures do not say which, or how much any one seller gave up.

They also took longer to sell. Hope-area homes took a median of 30 days to reach a contract over the year, against 20 days for Bartholomew County, while 44% went under contract within 14 days in both.

Ask your agent for the recent Hope-area sales most like your home, with each one's first price, final price and days to contract. If most of them came down, set your first price and your timeline with that in mind rather than counting on full asking price.

Why was the Hope-area median price so much higher this fall?

From August to October 2026, the 12 homes sold in ZIP Code 47246 had a median sale price of $360,000, against $217,000 for the full 12 months. That does not mean Hope-area homes gained that much in value. With 12 sales, the median moves with whichever homes happen to sell, and the middle half of those 12 ran from $184,000 to $430,000.

The same 12 sales are also too few to compare fairly with the same months a year earlier. For pricing, the 57 sales over the full year, and above all the ones most like your home, say more than any three-month median.

What is for sale in the Hope area now?

Not much. On Nov. 13, 2026, 10 homes were listed in ZIP Code 47246, about 2.1 months of supply at the past year's pace, and 60% had cut their price since listing. Across Bartholomew County, 58% of 259 listings had. The median list price of the 10 was $239,900, an asking price rather than a sale price.

With so few listings, each competing home matters. Ask your agent which of them a buyer for your home would also see, and how long each has been on the market.

Our position on timing a Hope sale

Our view at Mark Dietel Realty: We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing.

Your options for selling a Hope home

There is more than one way to sell a Hope home. We will lay them side by side with your numbers so you can choose.

List on the market

Usually the highest price, if you have time to prepare and show the home.

  • A local agent walks through your home
  • Recent sales at your price, side by side
  • A pricing and preparation plan for your first weeks on the market

Guaranteed sale

For sellers who need to know the home will sell before they make their next move. Conditions apply.

  • We agree on the price up front
  • Plan your move around a known outcome

Cash offer

Speed and certainty. Sell as-is, on your timeline.

  • No repairs or showings
  • See how a cash price compares with listing

A cash offer trades price for speed and certainty. If your home is in good shape and you have time, a cash offer usually means taking less. It can make sense when repairs, timing or certainty matter more than price.

Who this may not be right for

You may not need a listing agent if you already have a buyer, you are comfortable pricing from public sold data, and you are ready to handle disclosures, showings, negotiation and closing paperwork yourself, or with a real estate attorney. Many people sell that way. If that is you, we will tell you so.

We are a team: you work with a listing agent backed by inside sales, coordinators and a transaction coordinator. Some sellers want one person for every call, start to finish. If that matters more to you than a team system, a solo agent may fit you better.

Questions Hope sellers ask us

How long does it take to sell a house in Hope?

Homes sold in ZIP Code 47246, which takes in Hope, reached a contract in a median of 30 days over the 12 months to October 2026, by local listing data, against 20 days for Bartholomew County. Closing usually follows the contract by several weeks, depending on the buyer's financing.

Should I wait to sell my Hope home?

We report what happened and what it means for your price range. We do not predict prices. Anyone who tells you exactly where prices will be next spring is guessing. What you can plan around is how the recent sales most like yours went from first price to final price.

Do Hope-area homes sell for their asking price?

Usually a little less than their first asking price. By local listing data, 79% of the 57 homes sold in ZIP Code 47246 over the 12 months to October 2026 went for less than their original list price, and the median brought 96.0% of it, against 96.7% for Bartholomew County.

More for Hope sellers

Based on information submitted to the Broker Listing Cooperative listing service as of Nov. 13, 2026. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. ZIP Code 47246 and Bartholomew County figures: residential sales cleared for public display, November 2025 to October 2026 (overall and by final sale price) and August to October 2026, and homes for sale on Nov. 13, 2026. ZIP areas: U.S. Census Bureau.

This page is general information about the Hope market, not an appraisal or a valuation of any specific home.

Keep learning

Related guides

View Learning Center →

Ready to talk through your next move?

Our team helps Central Indiana buyers and sellers make confident decisions — with clear answers and a plan that fits your goals.