$3,145 Closing Credit*
$264,800
3 Beds
•2 Full Baths
Kathy Rowekamp, Listing Office: RE/MAX Local
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
Since last month, 47542 has remained a Seller's Market.
Key Takeaway
47542 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 47542, IN
How much do homes in 47542, IN cost?
Median Sold Price
$235,000
$113/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$16,800(-6.7%)
Key Takeaway
Homes in 47542 have sold for 6.7% less than they did a month ago.
Summary: The median home sold price in 47542 was $235,000 in October 2024, down 6.7% from last month, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158.5K | - | N/A |
| 3 Bedrooms | $266.8K | $206.5K | -22.6% |
| 4 Bedrooms | $350K | $289K | -17.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 47542 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 22.6%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 47542 | $251.8K | $235K | -6.7% |
| 47546 | $252.9K | $225K | -11.0% |
Housing Supply in 47542, IN
How many homes are available in 47542, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The 47542 real estate market had 31 homes for sale in October 2024, a 6.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 47542 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 decreased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 47542, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 47542 in October 2024, up by 42.9% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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.