Is Rush 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, Rush County has remained a Seller's Market.
Housing Prices in Rush County, IN
How much do homes in Rush County, IN cost?
Median Sold Price
$147,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rush County was $147,000 in May 2024, down 8.1% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $112.2K | $95K | -15.4% |
3 Bedrooms | $165K | $165K | 0.0% |
4 Bedrooms | $180K | $215K | +19.4% |
5+ Bedrooms | $247.5K | $230K | -7.1% |
Summary: Rush 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 decreased by 15.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Counties
Shelby County | $205K | $225K | +9.8% |
Decatur County | $189.9K | $205K | +8.0% |
Hancock County | $334.1K | $338.5K | +1.3% |
Fayette County | $157.5K | $145K | -7.9% |
Rush County | $160K | $147K | -8.1% |
Housing Supply in Rush County, IN
How many homes are available in Rush County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 57 | +1.8% |
Summary: The Rush County real estate market had 57 homes for sale in May 2024, a 1.8% increase 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 | 9 | 13 | +44.4% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Rush 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 increased by 44.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Rush County in May 2024, down by 16.7% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.
Days on Market for Rush County, IN
How long does it take to sell a home in Rush County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 38 Days | +91.1% |
Summary: Homes in Rush County had an average of 38 days on market in May 2024, up by 91.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Rush County; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.