Is 47470, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47470 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47470 has remained a Seller's Market.

Key Takeaway

47470 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47470, IN

How much do homes in 47470, IN cost?

Median Sold Price

$135,000

$114/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$390,000(-74.3%)

Key Takeaway

Homes in 47470 have sold for 74.3% less than they did a month ago.

Summary: The median home sold price in 47470 was $135,000 in October 2024, down 74.3% from last month, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $525K$135K
-74.3%
4 --
N/A
5+ --
N/A

Summary: 47470 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 decreased by 74.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47462
+54.0%
47446
+23.1%
47421
+2.8%
47470
-74.3%

Housing Supply in 47470, IN

How many homes are available in 47470, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32-33.3%

Summary: The 47470 real estate market had 2 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The 47470 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47470, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 47470 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 47470, 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 20 Days Ago

Newest Listings in 47470, IN

Nearby Markets to 47470, IN