Is 47462, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47462 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47462 has remained a Seller's Market.

Key Takeaway

47462 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47462, IN

How much do homes in 47462, IN cost?

Median Sold Price

$587,500

$194/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$402,550(+217.7%)

Key Takeaway

Homes in 47462 have sold for 217.7% more than they did a month ago.

Summary: The median home sold price in 47462 was $587,500 in November 2024, up 217.7% from last month, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $40K-
N/A
4 -$587.5K
N/A
5+ $625K-
N/A

Summary: 47462 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

47462
+217.7%
47421
-3.2%

Housing Supply in 47462, IN

How many homes are available in 47462, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The 47462 real estate market had 11 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 00
0.0%
3 78
+14.3%
4 22
0.0%
5+ 21
-50.0%

Summary: The 47462 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47462, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 47462 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 47462, 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 47462, IN

Nearby Markets to 47462, IN