Is 47834, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47834 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 47834 has remained a Seller's Market.

Key Takeaway

47834 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47834, IN

How much do homes in 47834, IN cost?

Median Sold Price

$137,000

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$18,000(-11.6%)

Key Takeaway

Homes in 47834 have sold for 11.6% less than they did a year ago.

Summary: The median home sold price in 47834 was $137,000 in November 2024, down 11.6% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$52.5K
N/A
2 $137K$120K
-12.4%
3 $150.5K$157.7K
+4.8%
4 $317K$162.5K
-48.7%
5+ $245K$422.5K
+72.4%

Summary: 47834 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 decreased by 12.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 48.7%, and 5+ bedroom homes increased by 72.4%.

Housing Supply in 47834, IN

How many homes are available in 47834, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3430-11.8%

Summary: The 47834 real estate market had 30 homes for sale in November 2024, a 11.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 55
0.0%
3 2116
-23.8%
4 56
+20.0%
5+ 00
0.0%

Summary: The 47834 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 decreased by 23.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47834, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 47834 in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 47834, IN

How long does it take to sell a home in 47834, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days100 Days+177.9%

Summary: Homes in 47834 had an average of 100 days on market in Nov 2024, up by 177.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47834 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 47834; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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

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