Is 47670, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47670 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47670 has remained a Seller's Market.

Key Takeaway

47670 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47670, IN

How much do homes in 47670, IN cost?

Median Sold Price

$143,300

$116/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$47,600(-24.9%)

Key Takeaway

Homes in 47670 have sold for 24.9% less than they did a month ago.

Summary: The median home sold price in 47670 was $143,300 in December 2024, down 24.9% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $147.2K$98.5K
-33.1%
3 $191.7K$358.5K
+87.0%
4 $240K$490K
+104.2%
5+ -$140K
N/A

Summary: 47670 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 decreased by 33.1%, 3 bedroom homes increased by 87%, 4 bedroom homes increased by 104.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47648
-19.0%
47665
-20.0%
47670
-24.9%

Housing Supply in 47670, IN

How many homes are available in 47670, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5956-5.1%

Summary: The 47670 real estate market had 56 homes for sale in December 2024, a 5.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 2120
-4.8%
3 2627
+3.8%
4 96
-33.3%
5+ 22
0.0%

Summary: The 47670 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47670, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 47670 in December 2024, up by 38.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for 47670, 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 47670, IN

Nearby Markets to 47670, IN