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 23 Days Ago

Newest Listings in 47933, IN

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