Is Pendleton, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pendleton is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Pendleton, IN

How much do homes in Pendleton, IN cost?

Median Sold Price

$340,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,377(+3.1%)

Key Takeaway

Homes in Pendleton have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Pendleton was $340,000 in November 2024, up 3.1% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$1.4M
N/A
2 $237.5K$225K
-5.3%
3 $289.9K$300K
+3.5%
4 $350K$359.5K
+2.7%
5+ $400K$387K
-3.3%

Summary: Pendleton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Green Township
+12.7%
Pendleton
+3.1%
Fall Creek Township
+2.0%
Anderson
0.1%

Housing Supply in Pendleton, IN

How many homes are available in Pendleton, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10190-10.9%

Summary: The Pendleton real estate market had 90 homes for sale in November 2024, a 10.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 5144
-13.7%
4 3530
-14.3%
5+ 911
+22.2%

Summary: The Pendleton 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 16.7%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2332+39.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pendleton, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Pendleton in November 2024, up by 39.1% month-over-month. Of the 32 sold homes, 56% were sold under asking, 38% were sold at asking, and 6% were sold over asking.

Days on Market for Pendleton, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days43 Days+20.3%

Summary: Homes in Pendleton had an average of 43 days on market in Nov 2024, up by 20.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 32 homes were sold in Pendleton; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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