Is 47338, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47338 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47338 was a Neutral Market.

Key Takeaway

47338 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47338, IN

How much do homes in 47338, IN cost?

Median Sold Price

$125,500

$49/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$27,750(-18.1%)

Key Takeaway

Homes in 47338 have sold for 18.1% less than they did a month ago.

Summary: The median home sold price in 47338 was $125,500 in November 2024, down 18.1% from last month, and the median price per square foot was $49.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $275K$115.5K
-58.0%
4 $31.5K-
N/A
5+ -$165K
N/A

Summary: 47338 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 58%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47320
+153.7%
47338
-18.1%
47342
-23.1%

Housing Supply in 47338, IN

How many homes are available in 47338, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1214+16.7%

Summary: The 47338 real estate market had 14 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 78
+14.3%
4 22
0.0%
5+ 22
0.0%

Summary: The 47338 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47338, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 47338 in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 47338, IN

How long does it take to sell a home in 47338, IN?

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 47338 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 47338; 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 47338, IN

Nearby Markets to 47338, IN