Is 47201, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47201 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 47201 has remained a Seller's Market.

Key Takeaway

47201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47201, IN

How much do homes in 47201, IN cost?

Median Sold Price

$250,512

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,487(-1.8%)

Key Takeaway

Homes in 47201 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 47201 was $250,512 in October 2024, down 1.8% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $115K$136.5K
+18.7%
2 $154.2K$171.4K
+11.2%
3 $237.2K$246.5K
+3.9%
4 $376K$385K
+2.4%
5+ $480K$442.5K
-7.8%

Summary: 47201 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

47232
+23.2%
47203
+6.7%
47201
-1.8%

Housing Supply in 47201, IN

How many homes are available in 47201, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
212191-9.9%

Summary: The 47201 real estate market had 191 homes for sale in October 2024, a 9.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 4751
+8.5%
3 8766
-24.1%
4 5354
+1.9%
5+ 2420
-16.7%

Summary: The 47201 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5655-1.8%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47201, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in 47201 in October 2024, down by 1.8% month-over-month. Of the 54 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.

Days on Market for 47201, IN

How long does it take to sell a home in 47201, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days39 Days+95.9%

Summary: Homes in 47201 had an average of 39 days on market in Oct 2024, up by 95.9% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47201 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 55 homes were sold in 47201; 53% of homes were sold within 30 days, 29% 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 17 Days Ago

Newest Listings in 47201, IN

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