Is 47390, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47390 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47390 was a Buyer's Market.

Key Takeaway

47390 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47390, IN

How much do homes in 47390, IN cost?

Median Sold Price

$159,900

$83/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$36,150(+29.2%)

Key Takeaway

Homes in 47390 have sold for 29.2% more than they did a month ago.

Summary: The median home sold price in 47390 was $159,900 in October 2024, up 29.2% from last month, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$155K
N/A
3 $123.7K$159.9K
+29.2%
4 -$187K
N/A
5+ --
N/A

Summary: 47390 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 increased by 29.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47390
+29.2%
47394
-11.1%
47355
-58.0%

Housing Supply in 47390, IN

How many homes are available in 47390, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1924+26.3%

Summary: The 47390 real estate market had 24 homes for sale in October 2024, a 26.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1113
+18.2%
4 47
+75.0%
5+ 21
-50.0%

Summary: The 47390 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 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47390, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 47390 in October 2024, up by 200.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 47390, 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 21 Days Ago

Newest Listings in 47390, IN

Nearby Markets to 47390, IN