Is 47250, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47250 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47250 has remained a Seller's Market.

Key Takeaway

47250 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47250, IN

How much do homes in 47250, IN cost?

Median Sold Price

$192,080

$195/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$12,080(+6.7%)

Key Takeaway

Homes in 47250 have sold for 6.7% more than they did a month ago.

Summary: The median home sold price in 47250 was $192,080 in December 2024, up 6.7% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $180K-
N/A
3 $180K$192K
+6.7%
4 $210K-
N/A
5+ --
N/A

Summary: 47250 housing prices by bedroom type for December 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 increased by 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47250, IN

How many homes are available in 47250, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1312-7.7%

Summary: The 47250 real estate market had 12 homes for sale in December 2024, a 7.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 10
-100.0%
3 76
-14.3%
4 55
0.0%
5+ 00
0.0%

Summary: The 47250 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47250, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 47250 in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 47250, IN

How long does it take to sell a home in 47250, IN?

Average Sale Time

Nov 2024Dec 2024CHANGE
52 Days32 Days-38.2%

Summary: Homes in 47250 had an average of 32 days on market in Dec 2024, down by 38.2% compared to last month.

Breakdown of Home Sale Times

2 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

Many homes in 47250 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 47250; 50% of homes were sold within 30 days, 25% 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 4 Days Ago

Newest Listings in 47250, IN

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