Is Hendricks County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hendricks County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hendricks County, IN

How much do homes in Hendricks County, IN cost?

Median Sold Price

$336,513

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,587(+5.2%)

Key Takeaway

Homes in Hendricks County have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Hendricks County was $336,513 in November 2024, up 5.2% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$137K
+19.1%
2 $253K$238K
-5.9%
3 $285K$299.9K
+5.2%
4 $380K$395K
+3.9%
5+ $457.6K$453K
-1.0%

Summary: Hendricks County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Counties

Putnam County
+14.9%
Morgan County
+5.7%
Hendricks County
+5.2%
Marion County
+4.4%
Boone County
-1.3%

Housing Supply in Hendricks County, IN

How many homes are available in Hendricks County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
679650-4.3%

Summary: The Hendricks County real estate market had 650 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 6869
+1.5%
3 309290
-6.1%
4 209196
-6.2%
5+ 9193
+2.2%

Summary: The Hendricks County 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 increased by 1.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 2.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
181142-21.5%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hendricks County, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.

Summary: A total of 142 homes were sold or pending in Hendricks County in November 2024, down by 21.5% month-over-month. Of the 141 sold homes, 60% were sold under asking, 24% were sold at asking, and 16% were sold over asking.

Days on Market for Hendricks County, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days7 Days-78.6%

Summary: Homes in Hendricks County had an average of 7 days on market in Nov 2024, down by 78.6% compared to last year.

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 142 homes were sold in Hendricks County; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% 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 20 Days Ago

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