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 20 Days Ago

Newest Listings in 47906, IN

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