Is 47954, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47954 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 47954 has remained a Seller's Market.

Key Takeaway

47954 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47954, IN

How much do homes in 47954, IN cost?

Median Sold Price

$239,900

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,400(+20.3%)

Key Takeaway

Homes in 47954 have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in 47954 was $239,900 in October 2024, up 20.3% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K-
N/A
2 $134.9K-
N/A
3 $208K$231.2K
+11.2%
4 $240K$247K
+2.9%
5+ $290K$361.5K
+24.7%

Summary: 47954 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 did not change, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 24.7%.

Median Sold Price Compared To Nearby Zip Codes

47954
+20.3%
47933
+14.3%

Housing Supply in 47954, IN

How many homes are available in 47954, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128-33.3%

Summary: The 47954 real estate market had 8 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 63
-50.0%
4 44
0.0%
5+ 11
0.0%

Summary: The 47954 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 decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47954, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 47954 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 47954, IN

How long does it take to sell a home in 47954, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days109 Days+207.0%

Summary: Homes in 47954 had an average of 109 days on market in Oct 2024, up by 207% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47954 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 47954; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 47954, IN

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