Is 47802, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47802 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47802 has remained a Seller's Market.

Key Takeaway

47802 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47802, IN

How much do homes in 47802, IN cost?

Median Sold Price

$237,500

$120/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$77,500(+48.4%)

Key Takeaway

Homes in 47802 have sold for 48.4% more than they did a month ago.

Summary: The median home sold price in 47802 was $237,500 in October 2024, up 48.4% from last month, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $140K-
N/A
3 -$275K
N/A
4 $247.5K$190K
-23.2%
5+ --
N/A

Summary: 47802 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47802
+48.4%
47807
-13.3%

Housing Supply in 47802, IN

How many homes are available in 47802, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2728+3.7%

Summary: The 47802 real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1011
+10.0%
4 1110
-9.1%
5+ 22
0.0%

Summary: The 47802 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 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47802, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 47802 in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 47802, IN

How long does it take to sell a home in 47802, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
54 Days35 Days-34.2%

Summary: Homes in 47802 had an average of 35 days on market in Oct 2024, down by 34.2% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47802 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 47802; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 47802, IN

Nearby Markets to 47802, IN