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 21 Days Ago

Newest Listings in 47968, IN

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