Is 47232, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47232 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47232 has remained a Seller's Market.

Key Takeaway

47232 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47232, IN

How much do homes in 47232, IN cost?

Median Sold Price

$170,000

$128/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$156,000(-47.9%)

Key Takeaway

Homes in 47232 have sold for 47.9% less than they did a month ago.

Summary: The median home sold price in 47232 was $170,000 in November 2024, down 47.9% from last month, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$170K
N/A
4 $326K-
N/A
5+ --
N/A

Summary: 47232 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47232, IN

How many homes are available in 47232, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
34+33.3%

Summary: The 47232 real estate market had 4 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 24
+100.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The 47232 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 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 47232, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 47232 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 47232, IN

How long does it take to sell a home in 47232, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
3 Days9 Days+200.0%

Summary: Homes in 47232 had an average of 9 days on market in Nov 2024, up by 200% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 47232 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 47232; 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 47232, IN

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