Is Terre Haute, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terre Haute is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Terre Haute has remained a Seller's Market.

Key Takeaway

Terre Haute is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$19,633(+17.1%)

Key Takeaway

Homes in Terre Haute have sold for 17.1% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $51.7K$67.1K
+29.7%
2 $81.5K$96.5K
+18.4%
3 $135K$149.4K
+10.7%
4 $228.5K$247K
+8.1%
5+ $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
+18.7%
Terre Haute
+17.1%
Sugar Creek Township
-9.2%

Housing Supply in Terre Haute, IN

How many homes are available in Terre Haute, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8178-3.7%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1624
+50.0%
3 3630
-16.7%
4 2318
-21.7%
5+ 66
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 2024May 2024CHANGE
2015-25.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Terre Haute, you may be able to get a good deal. 60% of homes here sold below asking price last month.

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 2023May 2024CHANGE
34 Days44 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Terre Haute are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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