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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mitchell is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Mitchell, IN

How much do homes in Mitchell, IN cost?

Median Sold Price

$150,000

$102/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$94,375(-38.6%)

Key Takeaway

Homes in Mitchell have sold for 38.6% less than they did a month ago.

Summary: The median home sold price in Mitchell was $150,000 in November 2024, down 38.6% from last month, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$139.9K
N/A
2 -$97.5K
N/A
3 $233.7K$150K
-35.8%
4 $336.5K$200K
-40.6%
5+ --
N/A

Summary: Mitchell 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 decreased by 35.8%, 4 bedroom homes decreased by 40.6%, and 5+ bedroom homes did not change.

Housing Supply in Mitchell, IN

How many homes are available in Mitchell, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3735-5.4%

Summary: The Mitchell real estate market had 35 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 68
+33.3%
3 2318
-21.7%
4 65
-16.7%
5+ 11
0.0%

Summary: The Mitchell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 9 homes were sold or pending in Mitchell in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for Mitchell, IN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days8 Days+45.5%

Summary: Homes in Mitchell had an average of 8 days on market in Nov 2024, up by 45.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Mitchell; 11% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in Mitchell, IN

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