Is 47959, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47959 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47959 has remained a Seller's Market.

Key Takeaway

47959 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47959, IN

How much do homes in 47959, IN cost?

Median Sold Price

$187,000

$147/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$120,000(-39.1%)

Key Takeaway

Homes in 47959 have sold for 39.1% less than they did a month ago.

Summary: The median home sold price in 47959 was $187,000 in October 2024, down 39.1% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$187K
N/A
3 $217K$285.5K
+31.6%
4 $557K-
N/A
5+ --
N/A

Summary: 47959 housing prices by bedroom type for October 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 31.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47960
+5.1%
47959
-39.1%

Housing Supply in 47959, IN

How many homes are available in 47959, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The 47959 real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 13
+200.0%
5+ 00
0.0%

Summary: The 47959 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47959, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 47959 in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for 47959, IN

We’re sorry, we don't have information for this market at the moment

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 47959, IN

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