Is 47638, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47638 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47638 has remained a Seller's Market.

Key Takeaway

47638 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47638, IN

How much do homes in 47638, IN cost?

Median Sold Price

$264,500

$144/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$193,000(-42.2%)

Key Takeaway

Homes in 47638 have sold for 42.2% less than they did a month ago.

Summary: The median home sold price in 47638 was $264,500 in October 2024, down 42.2% from last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$264.5K
N/A
4 $457.5K-
N/A
5+ --
N/A

Summary: 47638 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47633
+428.6%
47720
+15.7%
47712
-6.2%
47631
-32.1%
47638
-42.2%

Housing Supply in 47638, IN

How many homes are available in 47638, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
810+25.0%

Summary: The 47638 real estate market had 10 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 58
+60.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The 47638 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 60%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47638, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 47638 in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 47638, 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 47638, IN

Nearby Markets to 47638, IN