Is North Vernon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Vernon is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, North Vernon has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Vernon, IN

How much do homes in North Vernon, IN cost?

Median Sold Price

$195,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,000(+12.7%)

Key Takeaway

Homes in North Vernon have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in North Vernon was $195,000 in November 2024, up 12.7% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $75K$107.5K
+43.3%
2 $125K$129.9K
+3.9%
3 $177.5K$205K
+15.5%
4 $190K$190K
0.0%
5+ $442.5K$195.9K
-55.7%

Summary: North Vernon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 15.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 55.7%.

Median Sold Price Compared To Nearby Cities

Center Township
+12.8%
North Vernon
+12.7%
Vernon Township
-0.8%

Housing Supply in North Vernon, IN

How many homes are available in North Vernon, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5861+5.2%

Summary: The North Vernon real estate market had 61 homes for sale in November 2024, a 5.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 911
+22.2%
3 3134
+9.7%
4 1413
-7.1%
5+ 22
0.0%

Summary: The North Vernon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Vernon, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in North Vernon in November 2024, up by 87.5% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.

Days on Market for North Vernon, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days45 Days+77.0%

Summary: Homes in North Vernon had an average of 45 days on market in Nov 2024, up by 77% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 15 homes were sold in North Vernon; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% 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

Newest Listings in North Vernon, IN

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