Is Gas City, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gas City is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Gas City, IN

How much do homes in Gas City, IN cost?

Median Sold Price

$129,450

$94/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$18,900(-12.7%)

Key Takeaway

Homes in Gas City have sold for 12.7% less than they did a month ago.

Summary: The median home sold price in Gas City was $129,450 in October 2024, down 12.7% from last month, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $127K$102.9K
-19.0%
3 $155K$139.7K
-9.8%
4 $175K$120.5K
-31.1%
5+ -$319.9K
N/A

Summary: Gas City 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 19%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 31.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monroe Township
+6.7%
Gas City
-12.7%
Mill Township
-15.8%
Center Township
-31.2%
Jonesboro
-39.2%

Housing Supply in Gas City, IN

How many homes are available in Gas City, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3327-18.2%

Summary: The Gas City real estate market had 27 homes for sale in October 2024, a 18.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 105
-50.0%
3 1414
0.0%
4 86
-25.0%
5+ 12
+100.0%

Summary: The Gas City 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
168-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gas City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Gas City in October 2024, down by 50.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.

Days on Market for Gas City, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Gas City, IN

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