Is 47320, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47320 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 47320 has remained a Seller's Market.

Key Takeaway

47320 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47320, IN

How much do homes in 47320, IN cost?

Median Sold Price

$148,125

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,675(+30.6%)

Key Takeaway

Homes in 47320 have sold for 30.6% more than they did a year ago.

Summary: The median home sold price in 47320 was $148,125 in October 2024, up 30.6% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $100K$40K
-60.0%
3 $103.4K$157.5K
+52.2%
4 $172K$73K
-57.6%
5+ $504.9K-
N/A

Summary: 47320 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 52.2%, 4 bedroom homes decreased by 57.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47320
+30.6%
47303
-20.0%

Housing Supply in 47320, IN

How many homes are available in 47320, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2220-9.1%

Summary: The 47320 real estate market had 20 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 1312
-7.7%
4 12
+100.0%
5+ 44
0.0%

Summary: The 47320 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47320, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 47320 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 47320, IN

How long does it take to sell a home in 47320, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days8 Days-77.1%

Summary: Homes in 47320 had an average of 8 days on market in Oct 2024, down by 77.1% compared to last year.

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 47320 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 47320; 20% 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 47320, IN

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