Is Rome City, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rome City is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Rome City, IN

How much do homes in Rome City, IN cost?

Median Sold Price

$742,500

$171/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$47,500(+6.8%)

Key Takeaway

Homes in Rome City have sold for 6.8% more than they did a month ago.

Summary: The median home sold price in Rome City was $742,500 in November 2024, up 6.8% from last month, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $255K-
N/A
3 -$710K
N/A
4 $807.5K$775K
-4.0%
5+ --
N/A

Summary: Rome City 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rome City
+6.8%
Orange Township
-12.1%

Housing Supply in Rome City, IN

How many homes are available in Rome City, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The Rome City real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 33
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Rome City 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rome City, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Rome City in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Rome City, 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 21 Days Ago

Newest Listings in Rome City, IN

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