Is 47340, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47340 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47340 has remained a Seller's Market.

Key Takeaway

47340 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47340, IN

How much do homes in 47340, IN cost?

Median Sold Price

$175,000

$130/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$42,750(+32.3%)

Key Takeaway

Homes in 47340 have sold for 32.3% more than they did a month ago.

Summary: The median home sold price in 47340 was $175,000 in December 2024, up 32.3% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $87K-
N/A
3 -$175K
N/A
4 $168.5K$189.9K
+12.7%
5+ --
N/A

Summary: 47340 housing prices by bedroom type for December 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 did not change, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47340
+32.3%
47373
+17.0%
47368
-2.4%

Housing Supply in 47340, IN

How many homes are available in 47340, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1412-14.3%

Summary: The 47340 real estate market had 12 homes for sale in December 2024, a 14.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 31
-66.7%
3 23
+50.0%
4 76
-14.3%
5+ 00
0.0%

Summary: The 47340 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47340, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 47340 in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for 47340, IN

How long does it take to sell a home in 47340, IN?

Average Sale Time

Nov 2024Dec 2024CHANGE
7 Days4 Days-46.7%

Summary: Homes in 47340 had an average of 4 days on market in Dec 2024, down by 46.7% compared to last month.

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 47340 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 47340; 33% 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 4 Days Ago

Newest Listings in 47340, IN

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