Is 47872, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47872 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 47872 was a Seller's Market.

Key Takeaway

47872 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 47872, IN

How much do homes in 47872, IN cost?

Median Sold Price

$235,000

$86/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$42,500(-15.3%)

Key Takeaway

Homes in 47872 have sold for 15.3% less than they did a month ago.

Summary: The median home sold price in 47872 was $235,000 in October 2024, down 15.3% from last month, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $219K$10K
-95.4%
3 $472.5K$235K
-50.3%
4 $252.5K-
N/A
5+ $680K$400K
-41.2%

Summary: 47872 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 decreased by 95.4%, 3 bedroom homes decreased by 50.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 41.2%.

Housing Supply in 47872, IN

How many homes are available in 47872, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2830+7.1%

Summary: The 47872 real estate market had 30 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1312
-7.7%
4 810
+25.0%
5+ 21
-50.0%

Summary: The 47872 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 increased by 40%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 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 47872, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 47872 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for 47872, IN

How long does it take to sell a home in 47872, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
53 Days165 Days+212.7%

Summary: Homes in 47872 had an average of 165 days on market in Oct 2024, up by 212.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 47872 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in 47872; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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 23 Days Ago

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