Is 47933, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47933 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 47933 has remained a Seller's Market.

Key Takeaway

47933 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47933, IN

How much do homes in 47933, IN cost?

Median Sold Price

$199,994

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,027(+14.3%)

Key Takeaway

Homes in 47933 have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in 47933 was $199,994 in October 2024, up 14.3% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $61.2K$107K
+74.7%
2 $150.4K$156K
+3.7%
3 $175K$221.5K
+26.6%
4 $219K$278K
+26.9%
5+ $200K$309K
+54.5%

Summary: 47933 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 54.5%.

Median Sold Price Compared To Nearby Zip Codes

47940
+18.9%
47933
+14.3%

Housing Supply in 47933, IN

How many homes are available in 47933, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125146+16.8%

Summary: The 47933 real estate market had 146 homes for sale in October 2024, a 16.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3031
+3.3%
3 6377
+22.2%
4 2432
+33.3%
5+ 86
-25.0%

Summary: The 47933 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 3.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2328+21.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47933, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 47933 in October 2024, up by 21.7% month-over-month. Of the 28 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 47933, IN

How long does it take to sell a home in 47933, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days25 Days+32.5%

Summary: Homes in 47933 had an average of 25 days on market in Oct 2024, up by 32.5% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47933 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 47933; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% 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 47933, IN

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