Wondering if Terre Haute is a buyers or sellers market right now? You are not alone. With prices shifting month to month and mortgage rates still elevated, timing your move can feel confusing. In this guide, you will get a clear, local read on prices, inventory, days on market, affordability, and the economic drivers to watch. Let’s dive in.

Terre Haute at a glance

Prices: Published medians vary by source and time window. Recent 12‑month county reports show typical sold prices near $134,000 to $137,000 for Vigo County and Terre Haute (Rocket market report, 12 months ending mid‑2025). Month snapshots can run lower, with some mid‑2025 readings around $91,000 on Redfin. The differences come from whether the metric is a monthly median or a rolling 12 months, and whether it covers city or county.

Speed and inventory: Median days on market typically range 30 to mid‑40s across 2024–2025, with inventory still limited in absolute terms. Some months leaned slightly toward sellers, then shifted toward more balance as listings increased later in 2025. Always check the most recent local snapshot before setting expectations. Sources: Vigo County trends and Terre Haute monthly snapshots, plus Redfin’s city page.

What this means for you

• If you are buying: conditions can feel balanced, with more choice in some neighborhoods. Use recent comps and be ready to move when a well‑priced home fits your budget.
• If you are selling: several mid‑2025 months saw homes sell under list in parts of the market. Pricing to recent 90‑day comps and condition will help you avoid reductions and hit the strongest buyer pool.

What is driving demand locally

Terre Haute’s job base is anchored by education, healthcare, manufacturing, and government. Major employers include Vigo County School Corporation, Union Health Group, and Indiana State University, along with several manufacturers and logistics firms. This broad base supports steady housing demand from faculty, hospital staff, and industrial workers. See the Terre Haute EDC’s top employers for context.

A headline project to watch is ENTEK’s planned $1.4 to $1.5 billion battery‑separator campus in Vigo County Industrial Park. The company has outlined more than 600 jobs by 2027, with construction and operations staged over multiple years. Large projects like this often add gradual pressure to both for‑sale and rental demand as hiring ramps. Learn more in ENTEK’s Terre Haute facility announcement.

How jobs and income shape housing

Local incomes support relative affordability. Vigo County’s median household income is about $52,525 (ACS 2023). Using a 12‑month median sold price near $135,000 as a benchmark, the price‑to‑income ratio sits around 2.6, which is lower than many larger metros. Source: Vigo County median income.

Affordability and carrying costs

• Property taxes: Vigo County’s median annual property tax bill is roughly $1,256, with an estimated effective rate near 0.89% on the median value. Bills vary by city, township, and school district, so verify for your address with the county. Source: Tax Foundation county property‑tax data.
• Mortgage rates: 30‑year fixed averages were about 6.3% to 6.4% in early October 2025, according to Freddie Mac’s PMMS. Small rate moves can change your maximum budget in an entry‑price market like Terre Haute. Source: Freddie Mac weekly rates.
• New supply: Building permits remain modest, with 98 reported for 2024 countywide. That limits quick relief on inventory and helps support prices over time. Source: Census QuickFacts.
• Rent baseline: Median gross rent is about $879. If you are deciding between renting and buying, compare that to a mortgage payment plus taxes, insurance, and maintenance on the homes you like. Source: Census QuickFacts.

Neighborhood and price‑tier dynamics

Not all parts of Terre Haute move the same way. Micro‑markets can differ on median price, days on market, and price per square foot. For example, subareas like Terre Town show their own trend lines that can diverge from citywide numbers. See an example of neighborhood‑level variation on Redfin’s Terre Town page.

Price tiers matter too. Entry‑level single‑family homes under about $150,000 often see more investor activity and faster turns when rates dip or job news hits. Mid‑to‑upper tiers can move at a different pace with a smaller buyer pool.

Action steps for buyers

• Get fully pre‑approved. With rates near the mid‑6s recently, your purchasing power is rate‑sensitive. A strong pre‑approval also boosts your credibility with sellers. See current context from Freddie Mac’s PMMS.
• Use fresh comps by neighborhood. Look at the last 3–6 months to set offers and account for condition. Many older homes need mechanical or roof updates, so budget for inspections and repairs.
• Compare rent versus buy. Stack the median rent of $879 against an estimated mortgage, taxes, insurance, and maintenance for your target homes to decide what fits your monthly comfort zone. Source: Census QuickFacts.

Action steps for sellers

• Price to today’s market, not last spring’s. Several months in 2025 saw sale‑to‑list ratios soften in some areas. Base your list price on similar homes sold in the past 90 days and your home’s condition. Source: Terre Haute market snapshots.
• Focus on high‑ROI prep. Curb appeal, light updates in kitchens and baths, clean paint, and simple staging help your photos and showings perform.
• Plan your timeline. Many mid‑2025 snapshots show 30 to 45 days as a common median time to go pending. If you need a faster sale, price to the current buyer pool and present your home with strong marketing.

Investor notes

Lower prices and steady rent demand from university and healthcare workers can produce healthy cap rates in select neighborhoods. Analyze rent‑to‑price by block, verify vacancy assumptions, and line up reliable property management if you do not plan to self‑manage.

Ready to map these trends to your specific address or search? Reach out to Andrew Southard Realty, LLC for a data‑driven pricing strategy, neighborhood‑level comps, and responsive guidance from contract to close.

FAQs

Is Terre Haute a buyers or sellers market in 2025?

• It depends on the month, neighborhood, and price tier, with 12‑month county data showing periods of slight seller tilt, while some monthly snapshots show more balance and homes selling under asking; check the latest Vigo County report and your ZIP before you list or write an offer.

What price range can a typical local income support?

• With a median household income near $52,525 (ACS 2023), many entry buyers target well under $200,000, though your exact budget depends on down payment, debts, and the current interest rate; verify with a lender using today’s numbers.

Will the ENTEK project raise home prices quickly?

• Large investments usually affect housing in phases, first during construction and later as operations hiring grows, so expect gradual pressure on demand rather than an immediate surge; see ENTEK’s project details.

Are property taxes high in Vigo County?

• The median annual bill is about $1,256 with an estimated effective rate near 0.89%, which is moderate by national standards, but actual taxes vary by location and assessed value; confirm for your specific address with the county and review the Tax Foundation county data.

How fast are homes selling in Terre Haute?

• Many mid‑2025 reports show typical medians in the 30 to 45 days range, although speed varies by price tier and condition; use the latest Terre Haute market snapshot for a current read.