Is 47403, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47403 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 47403 was a Seller's Market.

Key Takeaway

47403 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 47403, IN

How much do homes in 47403, IN cost?

Median Sold Price

$289,900

$169/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$5,900(+2.1%)

Key Takeaway

Homes in 47403 have sold for 2.1% more than they did a month ago.

Summary: The median home sold price in 47403 was $289,900 in November 2024, up 2.1% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $207.5K$235K
+13.3%
3 $272.4K$282.5K
+3.7%
4 $423K$415K
-1.9%
5+ --
N/A

Summary: 47403 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 increased by 13.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47459
+288.2%
47404
+7.1%
47401
+6.7%
47403
+2.1%

Housing Supply in 47403, IN

How many homes are available in 47403, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
138133-3.6%

Summary: The 47403 real estate market had 133 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 2023
+15.0%
3 8072
-10.0%
4 3130
-3.2%
5+ 66
0.0%

Summary: The 47403 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47403, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 47403 in November 2024, down by 18.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 29% were sold at asking, and 10% were sold over asking.

Days on Market for 47403, 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 17 Days Ago

Newest Listings in 47403, IN

Nearby Markets to 47403, IN