Is 47384, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47384 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 47384 was a Seller's Market.

Key Takeaway

47384 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47384, IN

How much do homes in 47384, IN cost?

Median Sold Price

$175,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$16,000(+10.1%)

Key Takeaway

Homes in 47384 have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in 47384 was $175,000 in December 2024, up 10.1% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $115K$145K
+26.1%
3 $170K$170K
0.0%
4 $166.2K$185K
+11.3%
5+ -$275K
N/A

Summary: 47384 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46148
+33.2%
47384
+10.1%
47356
-12.9%

Housing Supply in 47384, IN

How many homes are available in 47384, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
15150.0%

Summary: The 47384 real estate market had 15 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 87
-12.5%
4 11
0.0%
5+ 22
0.0%

Summary: The 47384 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 increased by 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47384, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 47384 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 47384, IN

How long does it take to sell a home in 47384, IN?

Average Sale Time

Dec 2023Dec 2024CHANGE
36 Days5 Days-86.3%

Summary: Homes in 47384 had an average of 5 days on market in Dec 2024, down by 86.3% compared to last year.

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 47384 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 47384; 50% 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 6 Days Ago

Newest Listings in 47384, IN

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