Is 47229, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47229 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 47229 was a Seller's Market.

Key Takeaway

47229 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47229, IN

How much do homes in 47229, IN cost?

Median Sold Price

$178,950

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,950(+23.4%)

Key Takeaway

Homes in 47229 have sold for 23.4% more than they did a year ago.

Summary: The median home sold price in 47229 was $178,950 in November 2024, up 23.4% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $144.9K-
N/A
3 $150K$178K
+18.7%
4 $315K$191K
-39.4%
5+ --
N/A

Summary: 47229 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 did not change, 3 bedroom homes increased by 18.7%, 4 bedroom homes decreased by 39.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47229
+23.4%
47220
-10.1%

Housing Supply in 47229, IN

How many homes are available in 47229, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
910+11.1%

Summary: The 47229 real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 87
-12.5%
4 11
0.0%
5+ 01
+100.0%

Summary: The 47229 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 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47229, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 47229 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 47229, IN

How long does it take to sell a home in 47229, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
3 Days50 Days+1328.6%

Summary: Homes in 47229 had an average of 50 days on market in Nov 2024, up by 1328.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 47229 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 47229; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in 47229, IN

Nearby Markets to 47229, IN