Is 47394, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47394 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47394 has remained a Seller's Market.

Key Takeaway

47394 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47394, IN

How much do homes in 47394, IN cost?

Median Sold Price

$131,097

$77/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$3,303(-2.5%)

Key Takeaway

Homes in 47394 have sold for 2.5% less than they did a month ago.

Summary: The median home sold price in 47394 was $131,097 in November 2024, down 2.5% from last month, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $134.4K-
N/A
3 -$145K
N/A
4 $124.5K$75.5K
-39.3%
5+ $139.9K-
N/A

Summary: 47394 housing prices by bedroom type for November 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 did not change, 4 bedroom homes decreased by 39.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47394
-2.5%
47340
-18.4%
47390
-56.2%

Housing Supply in 47394, IN

How many homes are available in 47394, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2826-7.1%

Summary: The 47394 real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 1112
+9.1%
4 68
+33.3%
5+ 21
-50.0%

Summary: The 47394 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 decreased by 44.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 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 47394, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 47394 in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 47394, IN

How long does it take to sell a home in 47394, 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 47394 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 47394; 17% 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 17 Days Ago

Newest Listings in 47394, IN

Nearby Markets to 47394, IN