$2,434 Closing Credit*
$205,000
1,224 SqFt
3 Beds
•2 Full Baths
No Hmung, Listing Office: Keller Williams Indy Metro S
Is Southern Dunes, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$250,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+4.2%)
Key Takeaway
Homes in Southern Dunes have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Southern Dunes was $250,000 in November 2024, up 4.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $214.7K | $197K | -8.3% |
| 3 Bedrooms | $233K | $245K | +5.2% |
| 4 Bedrooms | $299.4K | $321K | +7.2% |
| 5+ Bedrooms | $385.5K | $448.4K | +16.3% |
Summary: Southern Dunes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 16.3%.
Housing Supply in Southern Dunes, IN
How many homes are available in Southern Dunes, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 39 | -7.1% |
Summary: The Southern Dunes real estate market had 39 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Southern Dunes 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 25%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern Dunes, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Southern Dunes in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 27 Days | -28.6% |
Summary: Homes in Southern Dunes had an average of 27 days on market in Nov 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southern Dunes are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Southern Dunes; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.