Is Brown County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brown County has remained a Seller's Market.
Housing Prices in Brown County, IN
How much do homes in Brown County, IN cost?
Median Sold Price
$361,250
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brown County was $361,250 in May 2024, up 9.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $312.5K | +17.5% |
2 Bedrooms | $295K | $334.9K | +13.5% |
3 Bedrooms | $368.9K | $389.5K | +5.6% |
4 Bedrooms | $500K | $516.5K | +3.3% |
5+ Bedrooms | $940K | - | N/A |
Summary: Brown County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Brown County | $329.9K | $361.2K | +9.5% |
Morgan County | $264.9K | $275K | +3.8% |
Bartholomew County | $249.9K | $258.7K | +3.5% |
Johnson County | $293.7K | $300K | +2.1% |
Housing Supply in Brown County, IN
How many homes are available in Brown County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 48 | +14.3% |
Summary: The Brown County real estate market had 48 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Brown County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Brown County in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Brown County, IN
How long does it take to sell a home in Brown County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 57 Days | +159.3% |
Summary: Homes in Brown County had an average of 57 days on market in May 2024, up by 159.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Brown County; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.