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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Parke County was a Neutral Market.

Key Takeaway

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

Housing Prices in Parke County, IN

How much do homes in Parke County, IN cost?

Median Sold Price

$180,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,000(+14.6%)

Key Takeaway

Homes in Parke County have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in Parke County was $180,000 in November 2024, up 14.6% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $80.2K$228.5K
+184.7%
2 $126.2K$70.5K
-44.2%
3 $157K$222.5K
+41.7%
4 $450K$192K
-57.3%
5+ $460K$374.5K
-18.6%

Summary: Parke County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 184.7%, 2 bedroom homes decreased by 44.2%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 57.3%, and 5+ bedroom homes decreased by 18.6%.

Median Sold Price Compared To Nearby Counties

Vermillion County
+45.6%
Putnam County
+14.9%
Parke County
+14.6%
Vigo County
+14.5%
Fountain County
+5.5%

Housing Supply in Parke County, IN

How many homes are available in Parke County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
46460.0%

Summary: The Parke County real estate market had 46 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1110
-9.1%
3 1922
+15.8%
4 1312
-7.7%
5+ 32
-33.3%

Summary: The Parke County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Parke County in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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

Nov 2023Nov 2024CHANGE
167 Days71 Days-57.1%

Summary: Homes in Parke County had an average of 71 days on market in Nov 2024, down by 57.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Parke County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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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What housing markets are near Parke County, IN?