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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peru is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Peru has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Peru, IN

How much do homes in Peru, IN cost?

Median Sold Price

$134,950

$89/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$28,750(-17.6%)

Key Takeaway

Homes in Peru have sold for 17.6% less than they did a month ago.

Summary: The median home sold price in Peru was $134,950 in November 2024, down 17.6% from last month, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $117.5K$123.9K
+5.4%
3 $166.9K$145K
-13.1%
4 $150K$145K
-3.3%
5+ -$374K
N/A

Summary: Peru housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Washington Township
-1.8%
Peru
-17.6%
Peru Township
-17.6%
Jefferson Township
-18.6%

Housing Supply in Peru, IN

How many homes are available in Peru, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7786+11.7%

Summary: The Peru real estate market had 86 homes for sale in November 2024, a 11.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 4441
-6.8%
4 1121
+90.9%
5+ 89
+12.5%

Summary: The Peru 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 increased by 7.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 90.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1822+22.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peru, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Peru in November 2024, up by 22.2% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Peru, IN

We’re sorry, we don't have information for this market at the moment

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 Peru, IN

Nearby Markets to Peru, IN

What housing markets are near Peru, IN?