$4,036 Closing Credit*
$339,900
3 Beds
•3 Full Baths
Gary Schnell, Listing Office: SELL4FREE-WELSH REALTY CORPORATION
Is 47542, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 47542 was a Seller's Market.
Key Takeaway
47542 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 47542, IN
How much do homes in 47542, IN cost?
Median Sold Price
$315,350
$120/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$74,350(+30.9%)
Key Takeaway
Homes in 47542 have sold for 30.9% more than they did a month ago.
Summary: The median home sold price in 47542 was $315,350 in November 2024, up 30.9% from last month, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $227.5K | - | N/A |
| 4 Bedrooms | $289K | $315.3K | +9.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 47542 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 increased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 47542 | $241K | $315.3K | +30.9% |
| 47546 | $225K | $254K | +12.9% |
Housing Supply in 47542, IN
How many homes are available in 47542, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The 47542 real estate market had 27 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 10 | -37.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 47542 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 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 47542, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 47542 in November 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 47542, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.