Is 47906, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47906 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47906 has remained a Seller's Market.

Key Takeaway

47906 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47906, IN

How much do homes in 47906, IN cost?

Median Sold Price

$377,450

$172/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$61,450(+19.4%)

Key Takeaway

Homes in 47906 have sold for 19.4% more than they did a month ago.

Summary: The median home sold price in 47906 was $377,450 in October 2024, up 19.4% from last month, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $235K$395K
+68.1%
3 $315.6K$327.5K
+3.8%
4 $432.5K$399.9K
-7.5%
5+ $670K$619.5K
-7.5%

Summary: 47906 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 68.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 7.5%.

Median Sold Price Compared To Nearby Zip Codes

47906
+19.4%
47904
-11.5%

Housing Supply in 47906, IN

How many homes are available in 47906, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
146169+15.8%

Summary: The 47906 real estate market had 169 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 6771
+6.0%
4 5973
+23.7%
5+ 1417
+21.4%

Summary: The 47906 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 33.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3352+57.6%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47906, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 47906 in October 2024, up by 57.6% month-over-month. Of the 52 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.

Days on Market for 47906, IN

How long does it take to sell a home in 47906, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
29 Days9 Days-69.0%

Summary: Homes in 47906 had an average of 9 days on market in Oct 2024, down by 69% 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 47906 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 52 homes were sold in 47906; 2% 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 4 Days Ago

Newest Listings in 47906, IN

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