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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Devington is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Devington, IN

How much do homes in Devington, IN cost?

Median Sold Price

$167,950

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,950(+1.8%)

Key Takeaway

Homes in Devington have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Devington was $167,950 in November 2024, up 1.8% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $126K$119.5K
-5.2%
3 $158K$167.5K
+6.0%
4 $210.5K$185K
-12.1%
5+ $182K$217K
+19.2%

Summary: Devington 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 5.2%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 19.2%.

Housing Supply in Devington, IN

How many homes are available in Devington, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3736-2.7%

Summary: The Devington real estate market had 36 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2222
0.0%
4 99
0.0%
5+ 22
0.0%

Summary: The Devington 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Devington, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Devington in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.

Days on Market for Devington, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days40 Days+37.1%

Summary: Homes in Devington had an average of 40 days on market in Nov 2024, up by 37.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Devington; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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

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