Is Indiana, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Indiana was a Seller's Market.
Key Takeaway
Indiana is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Indiana, PA
How much do homes in Indiana, PA cost?
Median Sold Price
$177,950
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indiana have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Indiana was $177,950 in May 2024, up 4.7% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $131K | +13.9% |
| 3 Bedrooms | $159K | $171.5K | +7.9% |
| 4 Bedrooms | $218.5K | $274.5K | +25.6% |
| 5+ Bedrooms | $409K | $169.9K | -58.4% |
Summary: Indiana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes decreased by 58.4%.
Median Sold Price Compared To Nearby Cities
| White Township | $212.5K | $229.9K | +8.2% |
| Indiana | $170K | $177.9K | +4.7% |
Housing Supply in Indiana, PA
How many homes are available in Indiana, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 76 | +7.0% |
Summary: The Indiana real estate market had 76 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 37 | 44 | +18.9% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Indiana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indiana, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Indiana in May 2024, down by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for Indiana, PA
How long does it take to sell a home in Indiana, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 72 Days | 55 Days | -23.3% |
Summary: Homes in Indiana had an average of 55 days on market in May 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Indiana are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Indiana; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
