Is 47334, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47334 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 47334 was a Neutral Market.

Key Takeaway

47334 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47334, IN

How much do homes in 47334, IN cost?

Median Sold Price

$240,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$104,520(+77.1%)

Key Takeaway

Homes in 47334 have sold for 77.1% more than they did a year ago.

Summary: The median home sold price in 47334 was $240,000 in October 2024, up 77.1% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $40K-
N/A
2 $85.9K$97K
+12.9%
3 $147.4K$239.9K
+62.7%
4 $350K$302.5K
-13.6%
5+ -$400K
N/A

Summary: 47334 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 increased by 12.9%, 3 bedroom homes increased by 62.7%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47334
+77.1%
47396
+6.1%
46017
+3.3%
46012
0.0%
47356
-7.1%

Housing Supply in 47334, IN

How many homes are available in 47334, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The 47334 real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 78
+14.3%
4 67
+16.7%
5+ 11
0.0%

Summary: The 47334 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47334, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 47334 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 47334, IN

How long does it take to sell a home in 47334, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days14 Days+250.0%

Summary: Homes in 47334 had an average of 14 days on market in Oct 2024, up by 250% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 47334 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 47334; 50% 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 47334, IN

Nearby Markets to 47334, IN