$1,841 Closing Credit*
$155,000
1,915 SqFt
2 Beds
•1 Full Bath
Sterling Minor, Listing Office: RE/MAX Team
Is 47265, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 47265 was a Seller's Market.
Key Takeaway
47265 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 47265, IN
How much do homes in 47265, IN cost?
Median Sold Price
$195,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+11.4%)
Key Takeaway
Homes in 47265 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 47265 was $195,000 in October 2024, up 11.4% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $125K | +66.7% |
| 2 Bedrooms | $120K | $130K | +8.3% |
| 3 Bedrooms | $185K | $200K | +8.1% |
| 4 Bedrooms | $197.5K | $257.2K | +30.3% |
| 5+ Bedrooms | $442.5K | $125.4K | -71.6% |
Summary: 47265 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 71.6%.
Median Sold Price Compared To Nearby Zip Codes
| 47265 | $175K | $195K | +11.4% |
| 47283 | $175K | $194.7K | +11.3% |
| 47273 | $228K | $222K | -2.6% |
| 47223 | $196.5K | $140K | -28.8% |
Housing Supply in 47265, IN
How many homes are available in 47265, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 60 | +9.1% |
Summary: The 47265 real estate market had 60 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 47265 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 47265, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 47265 in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for 47265, IN
How long does it take to sell a home in 47265, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 23 Days | -1.6% |
Summary: Homes in 47265 had an average of 23 days on market in Oct 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 47265 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 47265; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.