Is Hendricks County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hendricks County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Hendricks County, IN

How much do homes in Hendricks County, IN cost?

Median Sold Price

$331,885

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,845(+5.0%)

Key Takeaway

Homes in Hendricks County have sold for 5% more than they did a year ago.

Summary: The median home sold price in Hendricks County was $331,885 in May 2024, up 5% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $147.2K$97.5K
-33.8%
2 $235K$251.7K
+7.1%
3 $280K$294.7K
+5.3%
4 $377.4K$389.9K
+3.3%
5+ $450K$456K
+1.3%

Summary: Hendricks County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Counties

Putnam County
+21.7%
Hendricks County
+5.0%
Morgan County
+3.8%
Marion County
+2.3%
Boone County
-3.3%

Housing Supply in Hendricks County, IN

How many homes are available in Hendricks County, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
599620+3.5%

Summary: The Hendricks County real estate market had 620 homes for sale in May 2024, a 3.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 6057
-5.0%
3 251263
+4.8%
4 201210
+4.5%
5+ 8689
+3.5%

Summary: The Hendricks County 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 5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 3.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
166171+3.0%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hendricks County, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 171 homes were sold or pending in Hendricks County in May 2024, up by 3.0% month-over-month. Of the 171 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% were sold over asking.

Days on Market for Hendricks County, IN

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

Average Sale Time

May 2023May 2024CHANGE
25 Days23 Days-9.4%

Summary: Homes in Hendricks County had an average of 23 days on market in May 2024, down by 9.4% compared to last year.

Breakdown of Home Sale Times

117 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 171 homes were sold in Hendricks County; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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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