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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Randolph County was a Neutral Market.

Key Takeaway

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

Housing Prices in Randolph County, IN

How much do homes in Randolph County, IN cost?

Median Sold Price

$137,400

$83/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,100(-0.8%)

Key Takeaway

Homes in Randolph County have sold for 0.8% less than they did a month ago.

Summary: The median home sold price in Randolph County was $137,400 in October 2024, down 0.8% from last month, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $206K$109.4K
-46.9%
3 $134.5K$159.9K
+18.9%
4 $279.9K$144.7K
-48.3%
5+ -$139.9K
N/A

Summary: Randolph 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 46.9%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 48.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Randolph County
-0.8%
Jay County
-26.4%
Wayne County
-31.3%

Housing Supply in Randolph County, IN

How many homes are available in Randolph County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6689+34.8%

Summary: The Randolph County real estate market had 89 homes for sale in October 2024, a 34.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1720
+17.6%
3 2838
+35.7%
4 1425
+78.6%
5+ 54
-20.0%

Summary: The Randolph 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 17.6%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 78.6%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1121+90.9%

Asking Price vs. Sold Price

10 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 Randolph County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Randolph County in October 2024, up by 90.9% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.

Days on Market for Randolph County, IN

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Randolph County; 5% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Randolph County, IN

Nearby Markets to Randolph County, IN

What housing markets are near Randolph County, IN?