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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parke County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Parke County was a Neutral Market.

Key Takeaway

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

Housing Prices in Parke County, IN

How much do homes in Parke County, IN cost?

Median Sold Price

$212,500

$71/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$65,000(-23.4%)

Key Takeaway

Homes in Parke County have sold for 23.4% less than they did a month ago.

Summary: The median home sold price in Parke County was $212,500 in October 2024, down 23.4% from last month, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $219K$14.4K
-93.4%
3 $472.5K$235K
-50.3%
4 $252.5K$417.5K
+65.3%
5+ $680K$400K
-41.2%

Summary: Parke 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 decreased by 93.4%, 3 bedroom homes decreased by 50.3%, 4 bedroom homes increased by 65.3%, and 5+ bedroom homes decreased by 41.2%.

Housing Supply in Parke County, IN

How many homes are available in Parke County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3746+24.3%

Summary: The Parke County real estate market had 46 homes for sale in October 2024, a 24.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 1620
+25.0%
4 1012
+20.0%
5+ 43
-25.0%

Summary: The Parke County 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 57.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parke County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Parke County in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Parke County, IN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
53 Days156 Days+196.0%

Summary: Homes in Parke County had an average of 156 days on market in Oct 2024, up by 196% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Parke County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 8 homes were sold in Parke County; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% 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 Parke County, IN

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