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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greencastle is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Greencastle, IN

How much do homes in Greencastle, IN cost?

Median Sold Price

$220,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,500(+15.5%)

Key Takeaway

Homes in Greencastle have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Greencastle was $220,000 in October 2024, up 15.5% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $64K$50K
-21.9%
2 $150.2K$163.7K
+9.0%
3 $189.9K$220K
+15.8%
4 $289.9K$267.4K
-7.8%
5+ $345K$325K
-5.8%

Summary: Greencastle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Cities

Greencastle
+15.5%
Greencastle Township
+15.2%

Housing Supply in Greencastle, IN

How many homes are available in Greencastle, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
66660.0%

Summary: The Greencastle real estate market had 66 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1310
-23.1%
3 4138
-7.3%
4 912
+33.3%
5+ 35
+66.7%

Summary: The Greencastle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greencastle, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Greencastle in October 2024, up by 13.3% month-over-month. Of the 17 sold homes, 71% were sold under asking, 6% were sold at asking, and 24% were sold over asking.

Days on Market for Greencastle, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days23 Days+28.7%

Summary: Homes in Greencastle had an average of 23 days on market in Oct 2024, up by 28.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Greencastle; 65% of homes were sold within 30 days, 35% 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 16 Days Ago

Newest Listings in Greencastle, IN

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