$3,086 Closing Credit*
$259,900
1,950 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jennifer Romilus, Listing Office: F.C. Tucker Real Estate Expert
Is 47283, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 47283 was a Buyer's Market.
Key Takeaway
47283 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 47283, IN
How much do homes in 47283, IN cost?
Median Sold Price
$200,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+14.3%)
Key Takeaway
Homes in 47283 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 47283 was $200,000 in November 2024, up 14.3% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.7K | $115K | -27.1% |
| 3 Bedrooms | $170K | $201K | +18.2% |
| 4 Bedrooms | $268K | $397.4K | +48.3% |
| 5+ Bedrooms | $299.9K | $687.6K | +129.3% |
Summary: 47283 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 27.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 48.3%, and 5+ bedroom homes increased by 129.3%.
Median Sold Price Compared To Nearby Zip Codes
| 47283 | $175K | $200K | +14.3% |
| 47265 | $173K | $195K | +12.7% |
Housing Supply in 47283, IN
How many homes are available in 47283, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The 47283 real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 47283 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 decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 47283, 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 47283 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 47283, IN
How long does it take to sell a home in 47283, IN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 57 Days | -27.8% |
Summary: Homes in 47283 had an average of 57 days on market in Nov 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 47283 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 47283; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.