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 4 Days Ago

Newest Listings in 47803, IN

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