Is 47960, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47960 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 47960 was a Seller's Market.

Key Takeaway

47960 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47960, IN

How much do homes in 47960, IN cost?

Median Sold Price

$232,500

$147/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$77,500(-25.0%)

Key Takeaway

Homes in 47960 have sold for 25% less than they did a month ago.

Summary: The median home sold price in 47960 was $232,500 in November 2024, down 25% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $164.9K$158.5K
-3.9%
3 $312K$270K
-13.5%
4 $994K$290K
-70.8%
5+ --
N/A

Summary: 47960 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 70.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47980
-6.9%
47960
-25.0%

Housing Supply in 47960, IN

How many homes are available in 47960, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8269-15.9%

Summary: The 47960 real estate market had 69 homes for sale in November 2024, a 15.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 2219
-13.6%
3 3625
-30.6%
4 2219
-13.6%
5+ 13
+200.0%

Summary: The 47960 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 30.6%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
298-72.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47960, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 47960 in November 2024, down by 72.4% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 47960, 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 22 Days Ago

Newest Listings in 47960, IN

Nearby Markets to 47960, IN