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

$174,900

$116/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$45,450(+35.1%)

Key Takeaway

Homes in Gas City have sold for 35.1% more than they did a month ago.

Summary: The median home sold price in Gas City was $174,900 in November 2024, up 35.1% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $102.9K$139K
+35.1%
3 $139.7K$199.9K
+43.0%
4 $120.5K-
N/A
5+ $319.9K-
N/A

Summary: Gas City housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 43%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jonesboro
+172.7%
Mill Township
+40.0%
Gas City
+35.1%
Center Township
-14.7%
Monroe Township
-20.1%

Housing Supply in Gas City, IN

How many homes are available in Gas City, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2726-3.7%

Summary: The Gas City real estate market had 26 homes for sale in November 2024, a 3.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 1416
+14.3%
4 65
-16.7%
5+ 23
+50.0%

Summary: The Gas City 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 60%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gas City, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Gas City in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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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What housing markets are near Gas City, IN?