Is 47971, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47971 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 47971 has remained a Buyer's Market.

Key Takeaway

47971 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47971, IN

How much do homes in 47971, IN cost?

Median Sold Price

$145,000

$86/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$13,000(-8.2%)

Key Takeaway

Homes in 47971 have sold for 8.2% less than they did a month ago.

Summary: The median home sold price in 47971 was $145,000 in October 2024, down 8.2% from last month, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $158K$145K
-8.2%
4 --
N/A
5+ --
N/A

Summary: 47971 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 decreased by 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47971
-8.2%
47944
-8.9%

Housing Supply in 47971, IN

How many homes are available in 47971, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1114+27.3%

Summary: The 47971 real estate market had 14 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 88
0.0%
4 12
+100.0%
5+ 12
+100.0%

Summary: The 47971 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47971, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 47971 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 47971, 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 4 Days Ago

Newest Listings in 47971, IN

Nearby Markets to 47971, IN