Is 47968, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47968 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47968 was a Neutral Market.

Key Takeaway

47968 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47968, IN

How much do homes in 47968, IN cost?

Median Sold Price

$214,000

$148/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$26,000(+13.8%)

Key Takeaway

Homes in 47968 have sold for 13.8% more than they did a month ago.

Summary: The median home sold price in 47968 was $214,000 in October 2024, up 13.8% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $188K$214K
+13.8%
4 --
N/A
5+ --
N/A

Summary: 47968 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 13.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47968, IN

How many homes are available in 47968, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The 47968 real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 00
0.0%
5+ 00
0.0%

Summary: The 47968 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was 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 47968, 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 47968 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 47968, IN

How long does it take to sell a home in 47968, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
21 Days9 Days-54.8%

Summary: Homes in 47968 had an average of 9 days on market in Oct 2024, down by 54.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47968 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 47968; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 47968, IN

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