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 November 2023

At the same time last year, 47803 was a Neutral 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

$160,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,350(+2.1%)

Key Takeaway

Homes in 47803 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 47803 was $160,000 in November 2024, up 2.1% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$59.7K
+8.6%
2 $100K$113K
+13.0%
3 $161.4K$189.4K
+17.3%
4 $315K$280K
-11.1%
5+ $315K$420K
+33.3%

Summary: 47803 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Zip Codes

47807
+115.1%
47803
+2.1%
47805
-7.0%

Housing Supply in 47803, IN

How many homes are available in 47803, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
26260.0%

Summary: The 47803 real estate market had 26 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 109
-10.0%
3 1111
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The 47803 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 47803 in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
20 Days21 Days+6.8%

Summary: Homes in 47803 had an average of 21 days on market in Nov 2024, up by 6.8% compared to last year.

Breakdown of Home Sale Times

6 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 November 2024, 7 homes were sold in 47803; 86% of homes were sold within 30 days, 14% 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 22 Days Ago

Newest Listings in 47803, IN

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