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 buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Herron-Morton Place was a Seller's Market.

Key Takeaway

Herron-Morton Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Herron-Morton Place, IN

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

Median Sold Price

$802,633

$212/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$294,633(+58.0%)

Key Takeaway

Homes in Herron-Morton Place have sold for 58% more than they did a month ago.

Summary: The median home sold price in Herron-Morton Place was $802,633 in November 2024, up 58% from last month, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $491.2K-
N/A
4 $1.1M$802.6K
-29.9%
5+ --
N/A

Summary: Herron-Morton Place 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 29.9%, 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

Oct 2024Nov 2024CHANGE
17170.0%

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

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 87
-12.5%
4 56
+20.0%
5+ 22
0.0%

Summary: The Herron-Morton Place 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Herron-Morton Place in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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

Oct 2024Nov 2024CHANGE
20 Days78 Days+286.1%

Summary: Homes in Herron-Morton Place had an average of 78 days on market in Nov 2024, up by 286.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 2 homes were sold in Herron-Morton Place; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

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