Is 47356, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47356 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 47356 has remained a Seller's Market.

Key Takeaway

47356 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47356, IN

How much do homes in 47356, IN cost?

Median Sold Price

$179,900

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$24,588(-12.0%)

Key Takeaway

Homes in 47356 have sold for 12% less than they did a year ago.

Summary: The median home sold price in 47356 was $179,900 in November 2024, down 12% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $106.5K$115K
+8.0%
3 $210K$174.9K
-16.7%
4 $242.9K$259K
+6.6%
5+ $415K$509.9K
+22.9%

Summary: 47356 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 22.9%.

Median Sold Price Compared To Nearby Zip Codes

47334
+66.4%
46017
-1.8%
47386
-7.7%
47356
-12.0%

Housing Supply in 47356, IN

How many homes are available in 47356, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2619-26.9%

Summary: The 47356 real estate market had 19 homes for sale in November 2024, a 26.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1911
-42.1%
4 46
+50.0%
5+ 10
-100.0%

Summary: The 47356 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 remained the same, 3 bedroom homes decreased by 42.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47356, 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 47356 in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 47356, IN

How long does it take to sell a home in 47356, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days36 Days+51.7%

Summary: Homes in 47356 had an average of 36 days on market in Nov 2024, up by 51.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47356 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 47356; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

Newest Listings in 47356, IN

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