Is 47712, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47712 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47712 has remained a Seller's Market.

Key Takeaway

47712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47712, IN

How much do homes in 47712, IN cost?

Median Sold Price

$158,000

$108/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$10,500(-6.2%)

Key Takeaway

Homes in 47712 have sold for 6.2% less than they did a month ago.

Summary: The median home sold price in 47712 was $158,000 in October 2024, down 6.2% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$57K
N/A
2 $69.9K$147K
+110.3%
3 $274.2K$199.7K
-27.2%
4 $265K$265K
0.0%
5+ $349K$698K
+100.0%

Summary: 47712 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 110.3%, 3 bedroom homes decreased by 27.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 100%.

Median Sold Price Compared To Nearby Zip Codes

47710
+6.9%
47714
-0.6%
47712
-6.2%
47713
-28.2%

Housing Supply in 47712, IN

How many homes are available in 47712, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9099+10.0%

Summary: The 47712 real estate market had 99 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2424
0.0%
3 4244
+4.8%
4 1520
+33.3%
5+ 68
+33.3%

Summary: The 47712 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 4.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2124+14.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47712, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 47712 in October 2024, up by 14.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% were sold over asking.

Days on Market for 47712, 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 47712, IN

Nearby Markets to 47712, IN