Is 47918, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47918 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47918 has remained a Seller's Market.

Key Takeaway

47918 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47918, IN

How much do homes in 47918, IN cost?

Median Sold Price

$294,000

$160/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$178,000(+153.4%)

Key Takeaway

Homes in 47918 have sold for 153.4% more than they did a month ago.

Summary: The median home sold price in 47918 was $294,000 in November 2024, up 153.4% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $108K$320K
+196.3%
3 $159.9K$240K
+50.1%
4 -$365K
N/A
5+ --
N/A

Summary: 47918 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 196.3%, 3 bedroom homes increased by 50.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47918
+153.4%
47993
-37.3%

Housing Supply in 47918, IN

How many homes are available in 47918, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1718+5.9%

Summary: The 47918 real estate market had 18 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1012
+20.0%
4 23
+50.0%
5+ 22
0.0%

Summary: The 47918 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 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

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 47918, 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 47918 in November 2024, the same as the previous 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 47918, IN

We’re sorry, we don't have information for this market at the moment

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 47918, IN

Nearby Markets to 47918, IN