Is 47598, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47598 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47598 has remained a Seller's Market.

Key Takeaway

47598 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47598, IN

How much do homes in 47598, IN cost?

Median Sold Price

$277,000

$136/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$143,000(+106.7%)

Key Takeaway

Homes in 47598 have sold for 106.7% more than they did a month ago.

Summary: The median home sold price in 47598 was $277,000 in December 2024, up 106.7% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $125K-
N/A
2 $134K-
N/A
3 $160K$277K
+73.1%
4 --
N/A
5+ --
N/A

Summary: 47598 housing prices by bedroom type for December 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 increased by 73.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47598
+106.7%
47660
+29.0%
47567
-18.7%

Housing Supply in 47598, IN

How many homes are available in 47598, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
107-30.0%

Summary: The 47598 real estate market had 7 homes for sale in December 2024, a 30.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 10
-100.0%
3 65
-16.7%
4 22
0.0%
5+ 00
0.0%

Summary: The 47598 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was 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 47598, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 47598 in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 47598, 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 2 Days Ago

Newest Listings in 47598, IN

Nearby Markets to 47598, IN