Is 47374, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47374 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47374 has remained a Seller's Market.

Key Takeaway

47374 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47374, IN

How much do homes in 47374, IN cost?

Median Sold Price

$93,500

$66/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$59,450(-38.9%)

Key Takeaway

Homes in 47374 have sold for 38.9% less than they did a month ago.

Summary: The median home sold price in 47374 was $93,500 in October 2024, down 38.9% from last month, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $110.4K$93K
-15.8%
3 $209K$25.9K
-87.6%
4 $215K$315K
+46.5%
5+ --
N/A

Summary: 47374 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 decreased by 15.8%, 3 bedroom homes decreased by 87.6%, 4 bedroom homes increased by 46.5%, and 5+ bedroom homes did not change.

Housing Supply in 47374, IN

How many homes are available in 47374, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3428-17.6%

Summary: The 47374 real estate market had 28 homes for sale in October 2024, a 17.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 1311
-15.4%
4 97
-22.2%
5+ 22
0.0%

Summary: The 47374 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 20%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47374, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 47374 in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for 47374, IN

How long does it take to sell a home in 47374, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
21 Days30 Days+43.3%

Summary: Homes in 47374 had an average of 30 days on market in Oct 2024, up by 43.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47374 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 47374; 38% of homes were sold within 30 days, 25% 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 13 Days Ago

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