Is Ripley County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ripley County was a Buyer's Market.
Housing Prices in Ripley County, IN
How much do homes in Ripley County, IN cost?
Median Sold Price
$290,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ripley County was $290,000 in May 2024, down 2.2% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $173.9K | $210K | +20.7% |
3 Bedrooms | $275K | $247K | -10.2% |
4 Bedrooms | $322.7K | $340K | +5.3% |
5+ Bedrooms | $405K | $345K | -14.8% |
Summary: Ripley County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Counties
Decatur County | $189.9K | $205K | +8.0% |
Ripley County | $296.4K | $290K | -2.2% |
Housing Supply in Ripley County, IN
How many homes are available in Ripley County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 17 | -32.0% |
Summary: The Ripley County real estate market had 17 homes for sale in May 2024, a 32.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Ripley 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Ripley County in May 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.
Days on Market for Ripley County, IN
How long does it take to sell a home in Ripley County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 4 Days | -92.6% |
Summary: Homes in Ripley County had an average of 4 days on market in May 2024, down by 92.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Ripley County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.