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

$150,000

$102/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$83,750(-35.8%)

Key Takeaway

Homes in 47446 have sold for 35.8% less than they did a month ago.

Summary: The median home sold price in 47446 was $150,000 in November 2024, down 35.8% from last month, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$139.9K
N/A
2 -$97.5K
N/A
3 $233.7K$150K
-35.8%
4 $336.5K$200K
-40.6%
5+ $132.5K-
N/A

Summary: 47446 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 decreased by 35.8%, 4 bedroom homes decreased by 40.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47452
+163.7%
47421
-3.2%
47446
-35.8%

Housing Supply in 47446, IN

How many homes are available in 47446, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3734-8.1%

Summary: The 47446 real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 68
+33.3%
3 2217
-22.7%
4 65
-16.7%
5+ 21
-50.0%

Summary: The 47446 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 47446 in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for 47446, IN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days8 Days+45.5%

Summary: Homes in 47446 had an average of 8 days on market in Nov 2024, up by 45.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 November 2024, 9 homes were sold in 47446; 11% 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 21 Days Ago

Newest Listings in 47446, IN

Nearby Markets to 47446, IN