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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brazil is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Brazil was a Seller's Market.

Key Takeaway

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

Housing Prices in Brazil, IN

How much do homes in Brazil, IN cost?

Median Sold Price

$148,750

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,750(-4.3%)

Key Takeaway

Homes in Brazil have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Brazil was $148,750 in October 2024, down 4.3% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $138.4K$122K
-11.9%
3 $151K$174.1K
+15.3%
4 $313K$162.5K
-48.1%
5+ $245K$422.5K
+72.4%

Summary: Brazil 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 11.9%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 48.1%, and 5+ bedroom homes increased by 72.4%.

Median Sold Price Compared To Nearby Cities

Brazil Township
-2.1%
Brazil
-4.3%

Housing Supply in Brazil, IN

How many homes are available in Brazil, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3738+2.7%

Summary: The Brazil real estate market had 38 homes for sale in October 2024, a 2.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 66
0.0%
3 2323
0.0%
4 56
+20.0%
5+ 10
-100.0%

Summary: The Brazil housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Brazil in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Oct 2023Oct 2024CHANGE
26 Days20 Days-20.7%

Summary: Homes in Brazil had an average of 20 days on market in Oct 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 October 2024, 5 homes were sold in Brazil; 60% of homes were sold within 30 days, 20% 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 17 Days Ago

Newest Listings in Brazil, IN

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