Is 47433, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47433 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 47433 was a Buyer's Market.

Key Takeaway

47433 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47433, IN

How much do homes in 47433, IN cost?

Median Sold Price

$354,900

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$178,000(+100.6%)

Key Takeaway

Homes in 47433 have sold for 100.6% more than they did a year ago.

Summary: The median home sold price in 47433 was $354,900 in November 2024, up 100.6% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127K$137.5K
+8.3%
2 $158K$354.9K
+124.6%
3 $244K$305K
+25.0%
4 -$443.5K
N/A
5+ $189.9K$330K
+73.8%

Summary: 47433 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 124.6%, 3 bedroom homes increased by 25%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 73.8%.

Housing Supply in 47433, IN

How many homes are available in 47433, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2320-13.0%

Summary: The 47433 real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 43
-25.0%
3 1112
+9.1%
4 32
-33.3%
5+ 00
0.0%

Summary: The 47433 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 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 47433, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 47433 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 47433, IN

How long does it take to sell a home in 47433, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days122 Days+510.0%

Summary: Homes in 47433 had an average of 122 days on market in Nov 2024, up by 510% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 47433 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in 47433; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 24 Days Ago

Newest Listings in 47433, IN

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