Is 47460, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47460 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 47460 has remained a Seller's Market.

Key Takeaway

47460 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47460, IN

How much do homes in 47460, IN cost?

Median Sold Price

$277,500

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+22.0%)

Key Takeaway

Homes in 47460 have sold for 22% more than they did a year ago.

Summary: The median home sold price in 47460 was $277,500 in November 2024, up 22% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $72.1K$150K
+107.9%
2 $174K$164.9K
-5.2%
3 $248.9K$293.4K
+17.9%
4 $272.4K$342K
+25.6%
5+ $379.5K$365K
-3.8%

Summary: 47460 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.9%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

47433
+100.6%
47460
+22.0%

Housing Supply in 47460, IN

How many homes are available in 47460, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
61610.0%

Summary: The 47460 real estate market had 61 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1716
-5.9%
3 2628
+7.7%
4 1312
-7.7%
5+ 23
+50.0%

Summary: The 47460 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47460, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 47460 in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 46% were sold at asking, and 8% were sold over asking.

Days on Market for 47460, IN

How long does it take to sell a home in 47460, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days27 Days+49.1%

Summary: Homes in 47460 had an average of 27 days on market in Nov 2024, up by 49.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47460 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 47460; 38% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% 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 10 Days Ago

Newest Listings in 47460, IN

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