Is Avon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avon is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Avon has remained a Seller's Market.

Key Takeaway

Avon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Avon, IN

How much do homes in Avon, IN cost?

Median Sold Price

$334,916

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,916(+3.1%)

Key Takeaway

Homes in Avon have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Avon was $334,916 in May 2024, up 3.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$127K
N/A
2 $270K$250K
-7.4%
3 $285K$300K
+5.3%
4 $365K$370K
+1.4%
5+ $425K$454.9K
+7.0%

Summary: Avon 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 decreased by 7.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Brownsburg
+17.7%
Lincoln Township
+5.5%
Washington Township
+3.4%
Avon
+3.1%
Plainfield
+1.2%

Housing Supply in Avon, IN

How many homes are available in Avon, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
181187+3.3%

Summary: The Avon real estate market had 187 homes for sale in May 2024, a 3.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1514
-6.7%
3 8078
-2.5%
4 6770
+4.5%
5+ 1925
+31.6%

Summary: The Avon 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 decreased by 6.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 31.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5249-5.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon, you may be able to get a good deal. 49% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Avon in May 2024, down by 5.8% month-over-month. Of the 49 sold homes, 49% were sold under asking, 31% were sold at asking, and 20% were sold over asking.

Days on Market for Avon, IN

How long does it take to sell a home in Avon, IN?

Average Sale Time

May 2023May 2024CHANGE
25 Days11 Days-54.2%

Summary: Homes in Avon had an average of 11 days on market in May 2024, down by 54.2% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Avon are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 49 homes were sold in Avon; 63% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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