Is 47302, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47302 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 47302 has remained a Seller's Market.

Key Takeaway

47302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47302, IN

How much do homes in 47302, IN cost?

Median Sold Price

$97,700

$81/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,700(+16.3%)

Key Takeaway

Homes in 47302 have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in 47302 was $97,700 in November 2024, up 16.3% from last year, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$52K
N/A
2 $62.9K$73.3K
+16.5%
3 $105.3K$115K
+9.2%
4 $212K$155K
-26.9%
5+ $25K$209K
+736.0%

Summary: 47302 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 increased by 16.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes increased by 736%.

Median Sold Price Compared To Nearby Zip Codes

47302
+16.3%
47386
-7.7%

Housing Supply in 47302, IN

How many homes are available in 47302, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116124+6.9%

Summary: The 47302 real estate market had 124 homes for sale in November 2024, a 6.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 4042
+5.0%
3 6364
+1.6%
4 913
+44.4%
5+ 33
0.0%

Summary: The 47302 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1531+106.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47302, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 47302 in November 2024, up by 106.7% month-over-month. Of the 30 sold homes, 60% were sold under asking, 17% were sold at asking, and 23% were sold over asking.

Days on Market for 47302, IN

How long does it take to sell a home in 47302, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days38 Days+17.6%

Summary: Homes in 47302 had an average of 38 days on market in Nov 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were 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 47302 has remained consistent over time.

Summary: During November 2024, 31 homes were sold in 47302; 6% of homes were sold within 30 days, 13% 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 47302, IN

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