Is 47989, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47989 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47989 was a Buyer's Market.

Key Takeaway

47989 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47989, IN

How much do homes in 47989, IN cost?

Median Sold Price

$200,000

$115/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$25,000(+14.3%)

Key Takeaway

Homes in 47989 have sold for 14.3% more than they did a month ago.

Summary: The median home sold price in 47989 was $200,000 in October 2024, up 14.3% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $175K$200K
+14.3%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: 47989 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 increased by 14.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47989, IN

How many homes are available in 47989, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1411-21.4%

Summary: The 47989 real estate market had 11 homes for sale in October 2024, a 21.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 75
-28.6%
4 22
0.0%
5+ 11
0.0%

Summary: The 47989 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 decreased by 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 47989, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 47989 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 47989, IN

How long does it take to sell a home in 47989, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
3 Days15 Days+400.0%

Summary: Homes in 47989 had an average of 15 days on market in Oct 2024, up by 400% 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 47989 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 47989; 100% 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 47989, IN

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