Is Terre Haute, 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, Terre Haute has remained a Seller's Market.
Housing Prices in Terre Haute, IN
How much do homes in Terre Haute, IN cost?
Median Sold Price
$134,633
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Terre Haute was $134,633 in May 2024, up 17.1% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51.7K | $67.1K | +29.7% |
2 Bedrooms | $81.5K | $96.5K | +18.4% |
3 Bedrooms | $135K | $149.4K | +10.7% |
4 Bedrooms | $228.5K | $247K | +8.1% |
5+ Bedrooms | $388.7K | $237K | -39.0% |
Summary: Terre Haute housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 39%.
Median Sold Price Compared To Nearby Cities
Harrison Township | $92.7K | $110K | +18.7% |
Terre Haute | $115K | $134.6K | +17.1% |
Sugar Creek Township | $103K | $93.5K | -9.2% |
Housing Supply in Terre Haute, IN
How many homes are available in Terre Haute, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 78 | -3.7% |
Summary: The Terre Haute real estate market had 78 homes for sale in May 2024, a 3.7% 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 | 16 | 24 | +50.0% |
3 Bedrooms | 36 | 30 | -16.7% |
4 Bedrooms | 23 | 18 | -21.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Terre Haute 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 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Terre Haute in May 2024, down by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for Terre Haute, IN
How long does it take to sell a home in Terre Haute, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 44 Days | +28.3% |
Summary: Homes in Terre Haute had an average of 44 days on market in May 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Terre Haute; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.