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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Farmland is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Farmland has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Farmland, IN

How much do homes in Farmland, IN cost?

Median Sold Price

$175,000

$130/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$42,750(+32.3%)

Key Takeaway

Homes in Farmland have sold for 32.3% more than they did a month ago.

Summary: The median home sold price in Farmland was $175,000 in December 2024, up 32.3% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $87K-
N/A
3 -$175K
N/A
4 $168.5K$189.9K
+12.7%
5+ --
N/A

Summary: Farmland housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.

Housing Supply in Farmland, IN

How many homes are available in Farmland, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1210-16.7%

Summary: The Farmland real estate market had 10 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 23
+50.0%
4 76
-14.3%
5+ 00
0.0%

Summary: The Farmland housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Farmland, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Farmland in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Farmland, IN

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

Average Sale Time

Nov 2024Dec 2024CHANGE
7 Days4 Days-46.7%

Summary: Homes in Farmland had an average of 4 days on market in Dec 2024, down by 46.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Farmland; 33% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Farmland, IN

Nearby Markets to Farmland, IN

What housing markets are near Farmland, IN?