Is 47803, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47803 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 47803 has remained a Seller's Market.

Key Takeaway

47803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47803, IN

How much do homes in 47803, IN cost?

Median Sold Price

$168,250

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,350(+5.2%)

Key Takeaway

Homes in 47803 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 47803 was $168,250 in October 2024, up 5.2% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$66.5K
+20.9%
2 $102.5K$113K
+10.2%
3 $164K$189.4K
+15.5%
4 $297.5K$280K
-5.9%
5+ $315K$420K
+33.3%

Summary: 47803 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Zip Codes

47804
+67.6%
47803
+5.2%

Housing Supply in 47803, IN

How many homes are available in 47803, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3128-9.7%

Summary: The 47803 real estate market had 28 homes for sale in October 2024, a 9.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1312
-7.7%
3 1211
-8.3%
4 53
-40.0%
5+ 00
0.0%

Summary: The 47803 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 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 47803, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 47803 in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 47803, IN

How long does it take to sell a home in 47803, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days12 Days-53.7%

Summary: Homes in 47803 had an average of 12 days on market in Oct 2024, down by 53.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47803 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 47803; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 47803, IN

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