Is 47630, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47630 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47630 has remained a Seller's Market.

Key Takeaway

47630 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47630, IN

How much do homes in 47630, IN cost?

Median Sold Price

$326,400

$152/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$23,000(+7.6%)

Key Takeaway

Homes in 47630 have sold for 7.6% more than they did a month ago.

Summary: The median home sold price in 47630 was $326,400 in October 2024, up 7.6% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $55K-
N/A
2 $225K$152.5K
-32.2%
3 $271.5K$280K
+3.1%
4 $417.7K$407.5K
-2.5%
5+ $925K$974.9K
+5.4%

Summary: 47630 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 32.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Zip Codes

47715
+9.9%
47630
+7.6%
47610
-9.8%
47601
-22.5%

Housing Supply in 47630, IN

How many homes are available in 47630, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
179200+11.7%

Summary: The 47630 real estate market had 200 homes for sale in October 2024, a 11.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1212
0.0%
3 7583
+10.7%
4 7185
+19.7%
5+ 2020
0.0%

Summary: The 47630 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5047-6.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47630, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 47630 in October 2024, down by 6.0% month-over-month. Of the 40 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 47630, 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 20 Days Ago

Newest Listings in 47630, IN

Nearby Markets to 47630, IN