Is 47928, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47928 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 47928 was a Seller's Market.

Key Takeaway

47928 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47928, IN

How much do homes in 47928, IN cost?

Median Sold Price

$149,500

$54/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$16,500(+12.4%)

Key Takeaway

Homes in 47928 have sold for 12.4% more than they did a month ago.

Summary: The median home sold price in 47928 was $149,500 in November 2024, up 12.4% from last month, and the median price per square foot was $54.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $120.5K-
N/A
3 $140K$149.5K
+6.8%
4 --
N/A
5+ $505K-
N/A

Summary: 47928 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 did not change, 3 bedroom homes increased by 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47928, IN

How many homes are available in 47928, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The 47928 real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 42
-50.0%
3 22
0.0%
4 23
+50.0%
5+ 10
-100.0%

Summary: The 47928 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47928, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 47928 in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 47928, IN

How long does it take to sell a home in 47928, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
9 Days4 Days-55.6%

Summary: Homes in 47928 had an average of 4 days on market in Nov 2024, down by 55.6% 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 47928 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 47928; 100% 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 47928, IN

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