Is 47713, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47713 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 47713 was a Seller's Market.

Key Takeaway

47713 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47713, IN

How much do homes in 47713, IN cost?

Median Sold Price

$62,000

$65/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$20,500(-24.8%)

Key Takeaway

Homes in 47713 have sold for 24.8% less than they did a month ago.

Summary: The median home sold price in 47713 was $62,000 in November 2024, down 24.8% from last month, and the median price per square foot was $65.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $46.5K$44.5K
-4.3%
3 $90K$48K
-46.7%
4 $190K$177.7K
-6.5%
5+ --
N/A

Summary: 47713 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 46.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47712
+26.6%
47711
+11.1%
47714
-8.1%
47713
-24.8%

Housing Supply in 47713, IN

How many homes are available in 47713, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3436+5.9%

Summary: The 47713 real estate market had 36 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1013
+30.0%
3 1714
-17.6%
4 66
0.0%
5+ 12
+100.0%

Summary: The 47713 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 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 47713, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 47713 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 47713, 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 21 Days Ago

Newest Listings in 47713, IN

Nearby Markets to 47713, IN