$3,200 Closing Credit*
$269,500
1,360 SqFt
3 Beds
•2 Full Baths
Jerry Lamb, Listing Office: Coldwell Banker Martin Miller Lamb
Is Scipio, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Scipio has remained a Seller's Market.
Key Takeaway
Scipio is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scipio, IN
How much do homes in Scipio, IN cost?
Median Sold Price
$222,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,000(-2.6%)
Key Takeaway
Homes in Scipio have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Scipio was $222,000 in October 2024, down 2.6% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $163.5K | - | N/A |
| 3 Bedrooms | $252K | $215K | -14.7% |
| 4 Bedrooms | $38K | $261K | +586.8% |
| 5+ Bedrooms | $870K | $229K | -73.7% |
Summary: Scipio housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 586.8%, and 5+ bedroom homes decreased by 73.7%.
Median Sold Price Compared To Nearby Cities
| Redding Township | $207.4K | $260K | +25.3% |
| Geneva Township | $193.2K | $205K | +6.1% |
| Sand Creek Township | $232.4K | $245K | +5.4% |
| Scipio | $228K | $222K | -2.6% |
Housing Supply in Scipio, IN
How many homes are available in Scipio, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Scipio real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Scipio 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scipio, 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 Scipio in October 2024, up by 100.0% 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 Scipio, IN
How long does it take to sell a home in Scipio, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 20 Days | +150.0% |
Summary: Homes in Scipio had an average of 20 days on market in Oct 2024, up by 150% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scipio are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Scipio; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.