$2,672 Closing Credit*
$225,000
3 Beds
•2 Full Baths
Darrell Doan, Listing Office: Mission Real Estate Group Inc.
Is 47648, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 47648 has remained a Seller's Market.
Key Takeaway
47648 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 47648, IN
How much do homes in 47648, IN cost?
Median Sold Price
$247,000
$166/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$48,125(+24.2%)
Key Takeaway
Homes in 47648 have sold for 24.2% more than they did a month ago.
Summary: The median home sold price in 47648 was $247,000 in October 2024, up 24.2% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.9K | - | N/A |
| 3 Bedrooms | $198.8K | $247K | +24.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $629.9K | - | N/A |
Summary: 47648 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 increased by 24.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 47670 | $160.2K | $263.5K | +64.4% |
| 47648 | $198.8K | $247K | +24.2% |
Housing Supply in 47648, IN
How many homes are available in 47648, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The 47648 real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 47648 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 47648, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 47648 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 47648, IN
We’re sorry, we don't have information for this market at the moment
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