Is 47591, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47591 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47591 has remained a Seller's Market.

Key Takeaway

47591 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47591, IN

How much do homes in 47591, IN cost?

Median Sold Price

$161,200

$83/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$13,200(+8.9%)

Key Takeaway

Homes in 47591 have sold for 8.9% more than they did a month ago.

Summary: The median home sold price in 47591 was $161,200 in October 2024, up 8.9% from last month, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $118K$56K
-52.5%
3 $126K$154.9K
+23.0%
4 $187.5K$216.2K
+15.3%
5+ -$455K
N/A

Summary: 47591 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 decreased by 52.5%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47591
+8.9%
47557
-67.4%

Housing Supply in 47591, IN

How many homes are available in 47591, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
99990.0%

Summary: The 47591 real estate market had 99 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2525
0.0%
3 5053
+6.0%
4 1613
-18.8%
5+ 66
0.0%

Summary: The 47591 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 increased by 6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47591, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 47591 in October 2024, up by 9.5% month-over-month. Of the 18 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for 47591, 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 4 Days Ago

Newest Listings in 47591, IN

Nearby Markets to 47591, IN