Is 47715, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47715 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47715 has remained a Seller's Market.

Key Takeaway

47715 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47715, IN

How much do homes in 47715, IN cost?

Median Sold Price

$214,950

$142/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$20,550(-8.7%)

Key Takeaway

Homes in 47715 have sold for 8.7% less than they did a month ago.

Summary: The median home sold price in 47715 was $214,950 in November 2024, down 8.7% from last month, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $74.2K-
N/A
2 $190.5K$199.7K
+4.9%
3 $233K$219.9K
-5.6%
4 $284.7K$300.9K
+5.7%
5+ -$204.9K
N/A

Summary: 47715 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 increased by 4.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47711
+11.1%
47610
+4.1%
47630
+1.1%
47714
-8.1%
47715
-8.7%

Housing Supply in 47715, IN

How many homes are available in 47715, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
106110+3.8%

Summary: The 47715 real estate market had 110 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2224
+9.1%
3 6160
-1.6%
4 1719
+11.8%
5+ 35
+66.7%

Summary: The 47715 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2426+8.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47715, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 47715 in November 2024, up by 8.3% month-over-month. Of the 26 sold homes, 69% were sold under asking, 19% were sold at asking, and 12% were sold over asking.

Days on Market for 47715, 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 47715, IN

Nearby Markets to 47715, IN