$1,424 Closing Credit*
$119,900
2 Beds
•1 Full Bath
Amanda Childers, Listing Office: Hawkins & Root Real Estate
Is Mitchell, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
$244,375
$141/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$54,475(+28.7%)
Key Takeaway
Homes in Mitchell have sold for 28.7% more than they did a month ago.
Summary: The median home sold price in Mitchell was $244,375 in October 2024, up 28.7% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26.5K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $172K | $233.7K | +35.9% |
| 4 Bedrooms | $230K | $336.5K | +46.3% |
| 5+ Bedrooms | $477.4K | - | N/A |
Summary: Mitchell 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 35.9%, 4 bedroom homes increased by 46.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Summary: The Mitchell real estate market had 41 homes for sale in October 2024, a 10.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 30 | 26 | -13.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Mitchell 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 increased by 40%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mitchell, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mitchell in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Mitchell, IN
How long does it take to sell a home in Mitchell, IN?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mitchell are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Mitchell; 20% 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.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.