Is 47448, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47448 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 47448 was a Seller's Market.

Key Takeaway

47448 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 47448, IN

How much do homes in 47448, IN cost?

Median Sold Price

$360,000

$174/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since December 2023.

Key Takeaway

The sold price of homes in 47448 has remained the same since last year.

Summary: The median home sold price in 47448 was $360,000 in December 2024, the same as last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $317.5K$190K
-40.2%
2 $286.4K$349.2K
+21.9%
3 $385K$381.2K
-1.0%
4 $513.5K$634.9K
+23.6%
5+ -$220K
N/A

Summary: 47448 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.2%, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46164
+19.0%
47448
0.0%
46160
-3.1%

Housing Supply in 47448, IN

How many homes are available in 47448, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5856-3.4%

Summary: The 47448 real estate market had 56 homes for sale in December 2024, a 3.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 78
+14.3%
2 2021
+5.0%
3 2216
-27.3%
4 810
+25.0%
5+ 11
0.0%

Summary: The 47448 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47448, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 47448 in December 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for 47448, IN

How long does it take to sell a home in 47448, IN?

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days82 Days+218.2%

Summary: Homes in 47448 had an average of 82 days on market in Dec 2024, up by 218.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 47448 has remained consistent over time.

Summary: During December 2024, 9 homes were sold in 47448; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 1 Day Ago

Newest Listings in 47448, IN

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