Is 47429, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47429 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 47429 was a Seller's Market.

Key Takeaway

47429 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 47429, IN

How much do homes in 47429, IN cost?

Median Sold Price

$307,500

$166/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$9,500(+3.2%)

Key Takeaway

Homes in 47429 have sold for 3.2% more than they did a month ago.

Summary: The median home sold price in 47429 was $307,500 in November 2024, up 3.2% from last month, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $280K$305K
+8.9%
4 $291.5K$310K
+6.3%
5+ $388.5K-
N/A

Summary: 47429 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 increased by 8.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47464
+922.4%
47404
+7.1%
47429
+3.2%

Housing Supply in 47429, IN

How many homes are available in 47429, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7467-9.5%

Summary: The 47429 real estate market had 67 homes for sale in November 2024, a 9.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 5146
-9.8%
4 1818
0.0%
5+ 31
-66.7%

Summary: The 47429 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 9.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47429, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 47429 in November 2024, down by 41.2% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 47429, IN

How long does it take to sell a home in 47429, IN?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 47429 has remained consistent over time.

Summary: During November 2024, 10 homes were sold in 47429; 0% of homes were sold within 30 days, 10% 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 2 Days Ago

Newest Listings in 47429, IN

Nearby Markets to 47429, IN