Is 47905, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47905 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47905 has remained a Seller's Market.

Key Takeaway

47905 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47905, IN

How much do homes in 47905, IN cost?

Median Sold Price

$307,500

$166/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$28,600(+10.3%)

Key Takeaway

Homes in 47905 have sold for 10.3% more than they did a month ago.

Summary: The median home sold price in 47905 was $307,500 in November 2024, up 10.3% from last month, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$85K
N/A
2 $185.4K$215K
+15.9%
3 $274.4K$289K
+5.3%
4 $400K$391.2K
-2.2%
5+ $675K$490K
-27.4%

Summary: 47905 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 27.4%.

Median Sold Price Compared To Nearby Zip Codes

47905
+10.3%
47901
+3.0%
47904
-7.8%

Housing Supply in 47905, IN

How many homes are available in 47905, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
135120-11.1%

Summary: The 47905 real estate market had 120 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1715
-11.8%
3 6859
-13.2%
4 3431
-8.8%
5+ 1514
-6.7%

Summary: The 47905 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 decreased by 11.8%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4336-16.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47905, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 47905 in November 2024, down by 16.3% month-over-month. Of the 36 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 47905, IN

How long does it take to sell a home in 47905, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
21 Days15 Days-31.0%

Summary: Homes in 47905 had an average of 15 days on market in Nov 2024, down by 31% compared to last month.

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 47905 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 36 homes were sold in 47905; 3% 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

Newest Listings in 47905, IN

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