Is 47408, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47408 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 47408 was a Seller's Market.

Key Takeaway

47408 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47408, IN

How much do homes in 47408, IN cost?

Median Sold Price

$456,500

$187/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$68,500(-13.0%)

Key Takeaway

Homes in 47408 have sold for 13% less than they did a month ago.

Summary: The median home sold price in 47408 was $456,500 in October 2024, down 13% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $169K-
N/A
3 $361.5K$481.3K
+33.2%
4 $937.5K$409K
-56.4%
5+ $926.8K-
N/A

Summary: 47408 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 33.2%, 4 bedroom homes decreased by 56.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47468
+153.0%
47404
-12.5%
47408
-13.0%

Housing Supply in 47408, IN

How many homes are available in 47408, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6066+10.0%

Summary: The 47408 real estate market had 66 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 34
+33.3%
3 2328
+21.7%
4 1923
+21.1%
5+ 1310
-23.1%

Summary: The 47408 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47408, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 47408 in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for 47408, 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 47408, IN

Nearby Markets to 47408, IN