Is 47807, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47807 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 47807 has remained a Buyer's Market.

Key Takeaway

47807 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47807, IN

How much do homes in 47807, IN cost?

Median Sold Price

$102,500

$96/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$15,750(-13.3%)

Key Takeaway

Homes in 47807 have sold for 13.3% less than they did a month ago.

Summary: The median home sold price in 47807 was $102,500 in October 2024, down 13.3% from last month, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $90K$116K
+28.9%
3 $146.5K$89K
-39.2%
4 --
N/A
5+ --
N/A

Summary: 47807 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.9%, 3 bedroom homes decreased by 39.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47807, IN

How many homes are available in 47807, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The 47807 real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 77
0.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The 47807 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 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 47807, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 47807 in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 47807, IN

How long does it take to sell a home in 47807, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
39 Days18 Days-53.8%

Summary: Homes in 47807 had an average of 18 days on market in Oct 2024, down by 53.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 47807 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 47807; 50% of homes were sold within 30 days, 50% 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 47807, IN

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