Is 47804, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47804 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47804 has remained a Seller's Market.

Key Takeaway

47804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47804, IN

How much do homes in 47804, IN cost?

Median Sold Price

$115,000

$73/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$87,000(+310.7%)

Key Takeaway

Homes in 47804 have sold for 310.7% more than they did a month ago.

Summary: The median home sold price in 47804 was $115,000 in December 2024, up 310.7% from last month, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$105K
N/A
3 $28K$125K
+346.4%
4 -$158.2K
N/A
5+ --
N/A

Summary: 47804 housing prices by bedroom type for December 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 increased by 346.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47804
+310.7%
47807
-2.0%
47805
-9.3%

Housing Supply in 47804, IN

How many homes are available in 47804, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1413-7.1%

Summary: The 47804 real estate market had 13 homes for sale in December 2024, a 7.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 63
-50.0%
4 45
+25.0%
5+ 00
0.0%

Summary: The 47804 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 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 47804, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 47804 in December 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 47804, IN

How long does it take to sell a home in 47804, IN?

Average Sale Time

Nov 2024Dec 2024CHANGE
40 Days65 Days+62.5%

Summary: Homes in 47804 had an average of 65 days on market in Dec 2024, up by 62.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47804 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 47804; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

Newest Listings in 47804, IN

Nearby Markets to 47804, IN