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 buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, North Vernon was a Seller's Market.

Key Takeaway

North Vernon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Vernon, IN

How much do homes in North Vernon, IN cost?

Median Sold Price

$193,500

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,500(+11.2%)

Key Takeaway

Homes in North Vernon have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in North Vernon was $193,500 in October 2024, up 11.2% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$125K
+66.7%
2 $117.5K$129.9K
+10.6%
3 $185K$200K
+8.1%
4 $187.5K$205K
+9.3%
5+ $442.5K$125.4K
-71.6%

Summary: North Vernon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 71.6%.

Median Sold Price Compared To Nearby Cities

North Vernon
+11.2%
Center Township
+9.5%
Vernon Township
+3.0%

Housing Supply in North Vernon, IN

How many homes are available in North Vernon, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5559+7.3%

Summary: The North Vernon real estate market had 59 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1010
0.0%
3 3031
+3.3%
4 1214
+16.7%
5+ 22
0.0%

Summary: The North Vernon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Vernon, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in North Vernon in October 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
23 Days23 Days-1.6%

Summary: Homes in North Vernon had an average of 23 days on market in Oct 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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 October 2024, 7 homes were sold in North Vernon; 57% of homes were sold within 30 days, 29% 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 16 Days Ago

Newest Listings in North Vernon, IN

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