$1,752 Closing Credit*
$147,500
2 Beds
•1 Full Bath
Brooke Morgan, Listing Office: Raeco Realty
Is 47940, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 47940 has remained a Seller's Market.
Key Takeaway
47940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 47940, IN
How much do homes in 47940, IN cost?
Median Sold Price
$190,250
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,250(+18.9%)
Key Takeaway
Homes in 47940 have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in 47940 was $190,250 in October 2024, up 18.9% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139.5K | $88.2K | -36.8% |
| 3 Bedrooms | $160K | $182K | +13.8% |
| 4 Bedrooms | $182.5K | $400K | +119.2% |
| 5+ Bedrooms | - | $217.5K | N/A |
Summary: 47940 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 119.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 46071 | $287.7K | $374K | +30.0% |
| 47940 | $160K | $190.2K | +18.9% |
| 47933 | $174.9K | $199.9K | +14.3% |
Housing Supply in 47940, IN
How many homes are available in 47940, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The 47940 real estate market had 7 homes for sale in October 2024, a 22.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 47940 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 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 47940, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 47940 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 47940, IN
How long does it take to sell a home in 47940, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 26 Days | -17.2% |
Summary: Homes in 47940 had an average of 26 days on market in Oct 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 47940 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 47940; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.