Is Herron-Morton Place, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Herron-Morton Place is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Herron-Morton Place has remained a Seller's Market.

Key Takeaway

Herron-Morton Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Herron-Morton Place, IN

How much do homes in Herron-Morton Place, IN cost?

Median Sold Price

$508,000

$226/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$13,000(+2.6%)

Key Takeaway

Homes in Herron-Morton Place have sold for 2.6% more than they did a month ago.

Summary: The median home sold price in Herron-Morton Place was $508,000 in October 2024, up 2.6% from last month, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $975K-
N/A
3 $487.5K$491.2K
+0.8%
4 $495K$1.1M
+131.3%
5+ --
N/A

Summary: Herron-Morton Place 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 did not change, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 131.3%, and 5+ bedroom homes did not change.

Housing Supply in Herron-Morton Place, IN

How many homes are available in Herron-Morton Place, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
17170.0%

Summary: The Herron-Morton Place real estate market had 17 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 99
0.0%
4 34
+33.3%
5+ 32
-33.3%

Summary: The Herron-Morton Place 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Herron-Morton Place, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Herron-Morton Place in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Herron-Morton Place, IN

How long does it take to sell a home in Herron-Morton Place, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
17 Days20 Days+15.1%

Summary: Homes in Herron-Morton Place had an average of 20 days on market in Oct 2024, up by 15.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Herron-Morton Place are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Herron-Morton Place; 67% of homes were sold within 30 days, 33% 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 14 Days Ago

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