Is 47553, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47553 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47553 was a Buyer's Market.

Key Takeaway

47553 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47553, IN

How much do homes in 47553, IN cost?

Median Sold Price

$207,500

$110/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$52,500(+33.9%)

Key Takeaway

Homes in 47553 have sold for 33.9% more than they did a month ago.

Summary: The median home sold price in 47553 was $207,500 in October 2024, up 33.9% from last month, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $225K$233K
+3.6%
3 -$182K
N/A
4 $85K-
N/A
5+ --
N/A

Summary: 47553 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 increased by 3.6%, 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

47562
+144.4%
47553
+33.9%

Housing Supply in 47553, IN

How many homes are available in 47553, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1621+31.3%

Summary: The 47553 real estate market had 21 homes for sale in October 2024, a 31.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 610
+66.7%
4 45
+25.0%
5+ 23
+50.0%

Summary: The 47553 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 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 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 47553, 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 47553 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 47553, 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 23 Days Ago

Newest Listings in 47553, IN

Nearby Markets to 47553, IN