Is 47446, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47446 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47446 has remained a Seller's Market.

Key Takeaway

47446 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47446, IN

How much do homes in 47446, IN cost?

Median Sold Price

$233,750

$125/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$43,850(+23.1%)

Key Takeaway

Homes in 47446 have sold for 23.1% more than they did a month ago.

Summary: The median home sold price in 47446 was $233,750 in October 2024, up 23.1% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $26.5K-
N/A
2 --
N/A
3 $172K$233.7K
+35.9%
4 $230K$336.5K
+46.3%
5+ $477.4K$132.5K
-72.2%

Summary: 47446 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 35.9%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes decreased by 72.2%.

Median Sold Price Compared To Nearby Zip Codes

47446
+23.1%
47421
+2.8%
47452
-35.0%
47470
-74.3%

Housing Supply in 47446, IN

How many homes are available in 47446, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4641-10.9%

Summary: The 47446 real estate market had 41 homes for sale in October 2024, a 10.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 2925
-13.8%
4 76
-14.3%
5+ 42
-50.0%

Summary: The 47446 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47446, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 47446 in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.

Days on Market for 47446, IN

How long does it take to sell a home in 47446, IN?

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47446 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 47446; 18% of homes were sold within 30 days, 0% 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 5 Days Ago

Newest Listings in 47446, IN

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