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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Connersville is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Connersville was a Buyer's Market.

Key Takeaway

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

Housing Prices in Connersville, IN

How much do homes in Connersville, IN cost?

Median Sold Price

$180,000

$119/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$90,500(+101.1%)

Key Takeaway

Homes in Connersville have sold for 101.1% more than they did a month ago.

Summary: The median home sold price in Connersville was $180,000 in October 2024, up 101.1% from last month, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $50K$27.5K
-45.0%
3 -$180K
N/A
4 $129K$240K
+86.0%
5+ -$259.9K
N/A

Summary: Connersville housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45%, 3 bedroom homes did not change, 4 bedroom homes increased by 86%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Connersville
+101.1%
Connersville Township
+101.1%
Harrison Township
+39.5%
Washington Township
-5.9%

Housing Supply in Connersville, IN

How many homes are available in Connersville, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1825+38.9%

Summary: The Connersville real estate market had 25 homes for sale in October 2024, a 38.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1114
+27.3%
4 56
+20.0%
5+ 13
+200.0%

Summary: The Connersville 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 100%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Connersville, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Connersville in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for Connersville, IN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
13 Days15 Days+13.6%

Summary: Homes in Connersville had an average of 15 days on market in Oct 2024, up by 13.6% compared to last month.

Breakdown of Home Sale Times

5 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 Connersville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Connersville; 56% of homes were sold within 30 days, 11% 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 14 Days Ago

Newest Listings in Connersville, IN

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