$2,494 Closing Credit*
$210,000
1,364 SqFt
3 Beds
•1 Full Bath
Alex Montagano, Listing Office: eXp Realty, LLC
Is 47006, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 47006 has remained a Seller's Market.
Key Takeaway
47006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 47006, IN
How much do homes in 47006, IN cost?
Median Sold Price
$292,500
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,500(-6.8%)
Key Takeaway
Homes in 47006 have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in 47006 was $292,500 in October 2024, down 6.8% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $101.9K | $280K | +174.6% |
| 3 Bedrooms | $275K | $268.9K | -2.2% |
| 4 Bedrooms | $378K | $324.9K | -14.0% |
| 5+ Bedrooms | $372.5K | $648.9K | +74.2% |
Summary: 47006 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 174.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 74.2%.
Housing Supply in 47006, IN
How many homes are available in 47006, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The 47006 real estate market had 14 homes for sale in October 2024, a 22.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 47006 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 47006, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 47006 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 47006, IN
How long does it take to sell a home in 47006, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 16 Days | -81.0% |
Summary: Homes in 47006 had an average of 16 days on market in Oct 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 47006 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 47006; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.