Is Southport, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southport is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Southport was a Buyer's Market.

Key Takeaway

Southport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Southport, IN

How much do homes in Southport, IN cost?

Median Sold Price

$225,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,500(-2.0%)

Key Takeaway

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

Summary: The median home sold price in Southport was $225,000 in November 2024, down 2% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $141.5K$200K
+41.3%
3 $229K$235K
+2.6%
4 $245K$260K
+6.1%
5+ $230K-
N/A

Summary: Southport 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 increased by 41.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Homecroft
+14.9%
Indianapolis
+5.6%
Perry Township
+4.4%
Southport
-2.0%

Housing Supply in Southport, IN

How many homes are available in Southport, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1214+16.7%

Summary: The Southport real estate market had 14 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 99
0.0%
4 23
+50.0%
5+ 01
+100.0%

Summary: The Southport 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southport, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Southport in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Southport, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days42 Days-19.2%

Summary: Homes in Southport had an average of 42 days on market in Nov 2024, down by 19.2% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Southport; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Southport, IN

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