Is Bates Hendricks, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bates Hendricks is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bates Hendricks was a Neutral Market.

Key Takeaway

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

Housing Prices in Bates Hendricks, IN

How much do homes in Bates Hendricks, IN cost?

Median Sold Price

$315,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,500(+8.8%)

Key Takeaway

Homes in Bates Hendricks have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Bates Hendricks was $315,000 in October 2024, up 8.8% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $178.9K$260K
+45.3%
3 $297K$315K
+6.1%
4 $365K$382.5K
+4.8%
5+ $325K$411.2K
+26.5%

Summary: Bates Hendricks 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 increased by 45.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 26.5%.

Median Sold Price Compared To Nearby Neighborhoods

Fountain Square
+10.7%
Bates Hendricks
+8.8%
Near Southside
-1.0%

Housing Supply in Bates Hendricks, IN

How many homes are available in Bates Hendricks, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4852+8.3%

Summary: The Bates Hendricks real estate market had 52 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2931
+6.9%
4 1415
+7.1%
5+ 22
0.0%

Summary: The Bates Hendricks 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 33.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bates Hendricks, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Bates Hendricks in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Bates Hendricks, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days41 Days-9.3%

Summary: Homes in Bates Hendricks had an average of 41 days on market in Oct 2024, down by 9.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Bates Hendricks; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

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