Is 47451, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47451 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 47451 was a Seller's Market.

Key Takeaway

47451 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 47451, IN

How much do homes in 47451, IN cost?

Median Sold Price

$189,900

$158/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$4,950(+2.7%)

Key Takeaway

Homes in 47451 have sold for 2.7% more than they did a month ago.

Summary: The median home sold price in 47451 was $189,900 in November 2024, up 2.7% from last month, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$189.9K
N/A
3 $184.9K-
N/A
4 --
N/A
5+ --
N/A

Summary: 47451 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47451
+2.7%
47421
-3.2%

Housing Supply in 47451, IN

How many homes are available in 47451, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The 47451 real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 42
-50.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 47451 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47451, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 47451 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 47451, IN

We’re sorry, we don't have information for this market at the moment

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 47451, IN

Nearby Markets to 47451, IN