Is 47386, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47386 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 47386 was a Seller's Market.

Key Takeaway

47386 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 47386, IN

How much do homes in 47386, IN cost?

Median Sold Price

$261,500

$186/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$81,600(+45.4%)

Key Takeaway

Homes in 47386 have sold for 45.4% more than they did a month ago.

Summary: The median home sold price in 47386 was $261,500 in December 2024, up 45.4% from last month, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $179.9K$261.5K
+45.4%
4 --
N/A
5+ --
N/A

Summary: 47386 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 increased by 45.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47386, IN

How many homes are available in 47386, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
56+20.0%

Summary: The 47386 real estate market had 6 homes for sale in December 2024, a 20.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

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

Summary: The 47386 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47386, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 47386 in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 47386, IN

How long does it take to sell a home in 47386, IN?

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 47386 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 47386; 100% 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 2 Days Ago

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