Is 47421, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47421 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47421 has remained a Seller's Market.

Key Takeaway

47421 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47421, IN

How much do homes in 47421, IN cost?

Median Sold Price

$204,500

$148/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$5,500(+2.8%)

Key Takeaway

Homes in 47421 have sold for 2.8% more than they did a month ago.

Summary: The median home sold price in 47421 was $204,500 in October 2024, up 2.8% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $51.4K-
N/A
2 $132.5K$140.4K
+6.0%
3 $200K$210K
+5.0%
4 $290K$459.9K
+58.6%
5+ --
N/A

Summary: 47421 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 increased by 6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 58.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47446
+23.1%
47421
+2.8%

Housing Supply in 47421, IN

How many homes are available in 47421, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128139+8.6%

Summary: The 47421 real estate market had 139 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 3026
-13.3%
3 6979
+14.5%
4 2427
+12.5%
5+ 36
+100.0%

Summary: The 47421 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 decreased by 13.3%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2729+7.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47421, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 47421 in October 2024, up by 7.4% month-over-month. Of the 28 sold homes, 39% were sold under asking, 25% were sold at asking, and 36% were sold over asking.

Days on Market for 47421, 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 47421, IN

Nearby Markets to 47421, IN