Is Hendricks 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, Hendricks County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.2K | $97.5K | -33.8% |
2 Bedrooms | $235K | $251.7K | +7.1% |
3 Bedrooms | $280K | $294.7K | +5.3% |
4 Bedrooms | $377.4K | $389.9K | +3.3% |
5+ Bedrooms | $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 | $205.4K | $249.9K | +21.7% |
Hendricks County | $316K | $331.8K | +5.0% |
Morgan County | $264.9K | $275K | +3.8% |
Marion County | $234.6K | $239.9K | +2.3% |
Boone County | $383.8K | $371K | -3.3% |
Housing Supply in Hendricks County, IN
How many homes are available in Hendricks County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
599 | 620 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 60 | 57 | -5.0% |
3 Bedrooms | 251 | 263 | +4.8% |
4 Bedrooms | 201 | 210 | +4.5% |
5+ Bedrooms | 86 | 89 | +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 2024 | May 2024 | CHANGE |
---|---|---|
166 | 171 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 23 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
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.