Is Hamilton 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, Hamilton County has remained a Seller's Market.
Housing Prices in Hamilton County, IN
How much do homes in Hamilton County, IN cost?
Median Sold Price
$417,640
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamilton County was $417,640 in May 2024, up 4.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.7K | $184.5K | +5.6% |
2 Bedrooms | $278K | $317K | +14.0% |
3 Bedrooms | $330.6K | $349.6K | +5.8% |
4 Bedrooms | $447.4K | $462.6K | +3.4% |
5+ Bedrooms | $651.3K | $695.1K | +6.7% |
Summary: Hamilton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Counties
Tipton County | $175K | $200K | +14.3% |
Madison County | $171.4K | $185.1K | +8.0% |
Hamilton County | $400K | $417.6K | +4.4% |
Marion County | $234.6K | $239.9K | +2.3% |
Hancock County | $334.1K | $338.5K | +1.3% |
Housing Supply in Hamilton County, IN
How many homes are available in Hamilton County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,512 | 1,579 | +4.4% |
Summary: The Hamilton County real estate market had 1,579 homes for sale in May 2024, a 4.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 192 | 196 | +2.1% |
3 Bedrooms | 578 | 575 | -0.5% |
4 Bedrooms | 494 | 528 | +6.9% |
5+ Bedrooms | 239 | 268 | +12.1% |
Summary: The Hamilton County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
447 | 494 | +10.5% |
Asking Price vs. Sold Price
215 Homes Were Sold
Under Asking
115 Homes Were Sold
At Asking
164 Homes Were Sold
Over Asking
Summary: A total of 494 homes were sold or pending in Hamilton County in May 2024, up by 10.5% month-over-month. Of the 494 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for Hamilton County, IN
How long does it take to sell a home in Hamilton County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 23 Days | +16.4% |
Summary: Homes in Hamilton County had an average of 23 days on market in May 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
387 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During May 2024, 494 homes were sold in Hamilton County; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.