Is 47404, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47404 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47404 has remained a Seller's Market.

Key Takeaway

47404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47404, IN

How much do homes in 47404, IN cost?

Median Sold Price

$302,000

$171/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$19,900(+7.1%)

Key Takeaway

Homes in 47404 have sold for 7.1% more than they did a month ago.

Summary: The median home sold price in 47404 was $302,000 in November 2024, up 7.1% from last month, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $179.9K$125K
-30.5%
3 $270K$302K
+11.9%
4 $345K$370K
+7.2%
5+ --
N/A

Summary: 47404 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 decreased by 30.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47408
+7.5%
47404
+7.1%
47429
+3.2%
47403
+2.1%

Housing Supply in 47404, IN

How many homes are available in 47404, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
102101-1.0%

Summary: The 47404 real estate market had 101 homes for sale in November 2024, a 1.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1414
0.0%
3 6157
-6.6%
4 2324
+4.3%
5+ 35
+66.7%

Summary: The 47404 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 remained the same, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
20200.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47404, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 47404 in November 2024, the same as the previous month. Of the 20 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.

Days on Market for 47404, IN

How long does it take to sell a home in 47404, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
32 Days172 Days+429.2%

Summary: Homes in 47404 had an average of 172 days on market in Nov 2024, up by 429.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 47404 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 20 homes were sold in 47404; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% 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 47404, IN

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