Is 47882, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47882 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 47882 was a Buyer's Market.

Key Takeaway

47882 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 47882, IN

How much do homes in 47882, IN cost?

Median Sold Price

$137,500

$57/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$247,500(-64.3%)

Key Takeaway

Homes in 47882 have sold for 64.3% less than they did a month ago.

Summary: The median home sold price in 47882 was $137,500 in October 2024, down 64.3% from last month, and the median price per square foot was $57.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$40K
N/A
3 $385K-
N/A
4 --
N/A
5+ -$235K
N/A

Summary: 47882 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47882, IN

How many homes are available in 47882, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The 47882 real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 45
+25.0%
4 11
0.0%
5+ 33
0.0%

Summary: The 47882 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47882, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 47882 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 47882, IN

How long does it take to sell a home in 47882, IN?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47882 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 47882; 50% of homes were sold within 30 days, 0% 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

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