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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castleton is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Castleton, IN

How much do homes in Castleton, IN cost?

Median Sold Price

$249,250

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,250(+3.9%)

Key Takeaway

Homes in Castleton have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Castleton was $249,250 in October 2024, up 3.9% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $211.9K$211.5K
-0.2%
3 $267K$270K
+1.1%
4 $277.9K$318.2K
+14.5%
5+ $367.5K$290K
-21.1%

Summary: Castleton 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 0.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 21.1%.

Housing Supply in Castleton, IN

How many homes are available in Castleton, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2627+3.8%

Summary: The Castleton real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1113
+18.2%
3 98
-11.1%
4 55
0.0%
5+ 11
0.0%

Summary: The Castleton 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 18.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
411+175.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castleton, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Castleton in October 2024, up by 175.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for Castleton, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days15 Days-17.7%

Summary: Homes in Castleton had an average of 15 days on market in Oct 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Castleton; 82% of homes were sold within 30 days, 18% 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 23 Days Ago

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