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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miami County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Miami County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Miami County, IN

How much do homes in Miami County, IN cost?

Median Sold Price

$162,500

$109/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$17,550(+12.1%)

Key Takeaway

Homes in Miami County have sold for 12.1% more than they did a month ago.

Summary: The median home sold price in Miami County was $162,500 in October 2024, up 12.1% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $87.5K-
N/A
2 $140K$143.7K
+2.7%
3 $139K$163.7K
+17.8%
4 $213K$150K
-29.6%
5+ $278K-
N/A

Summary: Miami County 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 increased by 2.7%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Miami County
+12.1%
Wabash County
-1.6%
Fulton County
-3.4%
Grant County
-19.9%

Housing Supply in Miami County, IN

How many homes are available in Miami County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
102104+2.0%

Summary: The Miami County real estate market had 104 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1716
-5.9%
3 6062
+3.3%
4 1316
+23.1%
5+ 1110
-9.1%

Summary: The Miami County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3023-23.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miami County, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Miami County in October 2024, down by 23.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% were sold over asking.

Days on Market for Miami County, 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 Miami County, IN

Nearby Markets to Miami County, IN

What housing markets are near Miami County, IN?