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 21 Days Ago

Newest Listings in 47446, IN

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