Is Chapel Hill / Ben Davis, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chapel Hill / Ben Davis is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Chapel Hill / Ben Davis has remained a Seller's Market.

Key Takeaway

Chapel Hill / Ben Davis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chapel Hill / Ben Davis, IN

How much do homes in Chapel Hill / Ben Davis, IN cost?

Median Sold Price

$243,189

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,189(+8.1%)

Key Takeaway

Homes in Chapel Hill / Ben Davis have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Chapel Hill / Ben Davis was $243,189 in October 2024, up 8.1% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$70K
N/A
2 $184K$180K
-2.2%
3 $225K$230K
+2.2%
4 $255K$267K
+4.7%
5+ $350K$361K
+3.1%

Summary: Chapel Hill / Ben Davis 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 2.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 3.1%.

Housing Supply in Chapel Hill / Ben Davis, IN

How many homes are available in Chapel Hill / Ben Davis, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118109-7.6%

Summary: The Chapel Hill / Ben Davis real estate market had 109 homes for sale in October 2024, a 7.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 6760
-10.4%
4 3431
-8.8%
5+ 66
0.0%

Summary: The Chapel Hill / Ben Davis 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 9.1%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3929-25.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chapel Hill / Ben Davis, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Chapel Hill / Ben Davis in October 2024, down by 25.6% month-over-month. Of the 29 sold homes, 66% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Chapel Hill / Ben Davis, IN

How long does it take to sell a home in Chapel Hill / Ben Davis, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days32 Days+76.0%

Summary: Homes in Chapel Hill / Ben Davis had an average of 32 days on market in Oct 2024, up by 76% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chapel Hill / Ben Davis are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in Chapel Hill / Ben Davis; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% 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 16 Days Ago

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