Is 47220, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47220 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 47220 has remained a Seller's Market.

Key Takeaway

47220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47220, IN

How much do homes in 47220, IN cost?

Median Sold Price

$190,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$21,450(-10.1%)

Key Takeaway

Homes in 47220 have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in 47220 was $190,000 in November 2024, down 10.1% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $77.5K-
N/A
2 $305K$156K
-48.9%
3 $202.4K$189.4K
-6.4%
4 $213K$459.9K
+115.9%
5+ $140K$536K
+282.9%

Summary: 47220 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.9%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 115.9%, and 5+ bedroom homes increased by 282.9%.

Median Sold Price Compared To Nearby Zip Codes

47274
+11.4%
47220
-10.1%

Housing Supply in 47220, IN

How many homes are available in 47220, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
12120.0%

Summary: The 47220 real estate market had 12 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 65
-16.7%
4 33
0.0%
5+ 00
0.0%

Summary: The 47220 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47220, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 47220 in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 47220, IN

How long does it take to sell a home in 47220, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days5 Days-86.3%

Summary: Homes in 47220 had an average of 5 days on market in Nov 2024, down by 86.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47220 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 47220; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 47220, IN

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