Is Southern Dunes, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southern Dunes is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Southern Dunes, IN

How much do homes in Southern Dunes, IN cost?

Median Sold Price

$245,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,000(-2.0%)

Key Takeaway

Homes in Southern Dunes have sold for 2% less than they did a year ago.

Summary: The median home sold price in Southern Dunes was $245,000 in September 2024, down 2% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $212K$203.4K
-4.0%
3 $235K$243.2K
+3.5%
4 $299.9K$324K
+8.0%
5+ $385.5K$452.5K
+17.4%

Summary: Southern Dunes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 17.4%.

Housing Supply in Southern Dunes, IN

How many homes are available in Southern Dunes, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3437+8.8%

Summary: The Southern Dunes real estate market had 37 homes for sale in September 2024, a 8.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2121
0.0%
4 58
+60.0%
5+ 23
+50.0%

Summary: The Southern Dunes housing inventory by bedroom type for September 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 remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Southern Dunes in September 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Southern Dunes, IN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days35 Days+123.5%

Summary: Homes in Southern Dunes had an average of 35 days on market in Sep 2024, up by 123.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Southern Dunes; 63% of homes were sold within 30 days, 38% 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 Sep 1, 2024

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