Is 47805, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47805 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 47805 has remained a Seller's Market.

Key Takeaway

47805 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47805, IN

How much do homes in 47805, IN cost?

Median Sold Price

$169,450

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,800(-7.0%)

Key Takeaway

Homes in 47805 have sold for 7% less than they did a year ago.

Summary: The median home sold price in 47805 was $169,450 in November 2024, down 7% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $105.8K$124K
+17.2%
3 $188.7K$169K
-10.5%
4 $277K$274.9K
-0.8%
5+ $470K$700K
+48.9%

Summary: 47805 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 48.9%.

Median Sold Price Compared To Nearby Zip Codes

47803
+2.1%
47805
-7.0%

Housing Supply in 47805, IN

How many homes are available in 47805, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The 47805 real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 34
+33.3%
4 87
-12.5%
5+ 00
0.0%

Summary: The 47805 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47805, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 47805 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 47805, IN

How long does it take to sell a home in 47805, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days15 Days-63.7%

Summary: Homes in 47805 had an average of 15 days on market in Nov 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

2 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 47805 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 47805; 67% of homes were sold within 30 days, 33% 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 47805, IN

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