Is 47710, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47710 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47710 has remained a Seller's Market.

Key Takeaway

47710 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47710, IN

How much do homes in 47710, IN cost?

Median Sold Price

$171,500

$121/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$11,000(+6.9%)

Key Takeaway

Homes in 47710 have sold for 6.9% more than they did a month ago.

Summary: The median home sold price in 47710 was $171,500 in October 2024, up 6.9% from last month, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $67.5K$76.5K
+13.3%
3 $172K$168K
-2.3%
4 $215K$305K
+41.9%
5+ --
N/A

Summary: 47710 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 increased by 13.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47720
+15.7%
47710
+6.9%
47725
-1.5%
47711
-5.4%
47713
-28.2%

Housing Supply in 47710, IN

How many homes are available in 47710, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6781+20.9%

Summary: The 47710 real estate market had 81 homes for sale in October 2024, a 20.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1415
+7.1%
3 3645
+25.0%
4 1317
+30.8%
5+ 11
0.0%

Summary: The 47710 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 increased by 7.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1520+33.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47710, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 47710 in October 2024, up by 33.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for 47710, 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 47710, IN

Nearby Markets to 47710, IN