Is Henry 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, Henry County has remained a Seller's Market.
Housing Prices in Henry County, IN
How much do homes in Henry County, IN cost?
Median Sold Price
$155,000
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Henry County was $155,000 in May 2024, up 10.8% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.5K | $100K | -19.0% |
2 Bedrooms | $87.2K | $115K | +31.8% |
3 Bedrooms | $154.9K | $164.4K | +6.1% |
4 Bedrooms | $179.4K | $208.5K | +16.2% |
5+ Bedrooms | $232K | $287K | +23.7% |
Summary: Henry County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Counties
Henry County | $139.9K | $155K | +10.8% |
Delaware County | $142.9K | $144.9K | +1.4% |
Hancock County | $334.1K | $338.5K | +1.3% |
Housing Supply in Henry County, IN
How many homes are available in Henry County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
182 | 196 | +7.7% |
Summary: The Henry County real estate market had 196 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 51 | 62 | +21.6% |
3 Bedrooms | 82 | 77 | -6.1% |
4 Bedrooms | 31 | 40 | +29.0% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Henry County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 29%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 49 | -12.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Henry County in May 2024, down by 12.5% month-over-month. Of the 49 sold homes, 51% were sold under asking, 16% were sold at asking, and 33% were sold over asking.
Days on Market for Henry County, IN
How long does it take to sell a home in Henry County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -18.3% |
Summary: Homes in Henry County had an average of 23 days on market in May 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Henry County; 59% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.