Is 47342, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47342 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 47342 was a Seller's Market.

Key Takeaway

47342 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47342, IN

How much do homes in 47342, IN cost?

Median Sold Price

$209,900

$117/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$184,100(-46.7%)

Key Takeaway

Homes in 47342 have sold for 46.7% less than they did a month ago.

Summary: The median home sold price in 47342 was $209,900 in October 2024, down 46.7% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $625K$209.9K
-66.4%
4 $88K-
N/A
5+ --
N/A

Summary: 47342 housing prices by bedroom type for October 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 66.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46989
+10.4%
47338
+1.5%
47342
-46.7%

Housing Supply in 47342, IN

How many homes are available in 47342, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1315+15.4%

Summary: The 47342 real estate market had 15 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 89
+12.5%
4 42
-50.0%
5+ 00
0.0%

Summary: The 47342 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 increased by 300%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47342, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 47342 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 47342, IN

We’re sorry, we don't have information for this market at the moment

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 47342, IN

Nearby Markets to 47342, IN