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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avon is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Avon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Avon, IN

How much do homes in Avon, IN cost?

Median Sold Price

$343,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,731(+8.1%)

Key Takeaway

Homes in Avon have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Avon was $343,000 in October 2024, up 8.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $127K-
N/A
2 $248.9K$242.5K
-2.6%
3 $289.8K$305K
+5.2%
4 $358.5K$393K
+9.6%
5+ $424.1K$454K
+7.0%

Summary: Avon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Avon
+8.1%
Washington Township
+6.4%
Brownsburg
+5.7%
Plainfield
+4.7%
Lincoln Township
+1.2%

Housing Supply in Avon, IN

How many homes are available in Avon, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
206205-0.5%

Summary: The Avon real estate market had 205 homes for sale in October 2024, a 0.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1720
+17.6%
3 10088
-12.0%
4 6165
+6.6%
5+ 2832
+14.3%

Summary: The Avon 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 17.6%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4762+31.9%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in Avon in October 2024, up by 31.9% month-over-month. Of the 62 sold homes, 61% were sold under asking, 27% were sold at asking, and 11% were sold over asking.

Days on Market for Avon, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days33 Days+58.6%

Summary: Homes in Avon had an average of 33 days on market in Oct 2024, up by 58.6% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 62 homes were sold in Avon; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% 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 20 Days Ago

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