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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brazil is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Brazil, IN

How much do homes in Brazil, IN cost?

Median Sold Price

$138,500

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$21,750(-13.6%)

Key Takeaway

Homes in Brazil have sold for 13.6% less than they did a year ago.

Summary: The median home sold price in Brazil was $138,500 in November 2024, down 13.6% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$55K
N/A
2 $137K$124K
-9.5%
3 $160K$160K
0.0%
4 $336K$162.5K
-51.6%
5+ $245K$422.5K
+72.4%

Summary: Brazil housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 51.6%, and 5+ bedroom homes increased by 72.4%.

Median Sold Price Compared To Nearby Cities

Brazil Township
-13.4%
Brazil
-13.6%

Housing Supply in Brazil, IN

How many homes are available in Brazil, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3531-11.4%

Summary: The Brazil real estate market had 31 homes for sale in November 2024, a 11.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 55
0.0%
3 2116
-23.8%
4 56
+20.0%
5+ 00
0.0%

Summary: The Brazil housing inventory by bedroom type for November 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 23.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brazil, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Brazil in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Brazil, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days121 Days+236.1%

Summary: Homes in Brazil had an average of 121 days on market in Nov 2024, up by 236.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Brazil; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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

Newest Listings in Brazil, IN

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