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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summitville is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Summitville was a Neutral Market.

Key Takeaway

Summitville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Summitville, IN

How much do homes in Summitville, IN cost?

Median Sold Price

$27,500

$29/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$157,500(-85.1%)

Key Takeaway

Homes in Summitville have sold for 85.1% less than they did a month ago.

Summary: The median home sold price in Summitville was $27,500 in October 2024, down 85.1% from last month, and the median price per square foot was $29.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$27.5K
N/A
3 $185K-
N/A
4 --
N/A
5+ --
N/A

Summary: Summitville housing prices by bedroom type for October 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 did not change, and 5+ bedroom homes did not change.

Housing Supply in Summitville, IN

How many homes are available in Summitville, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
712+71.4%

Summary: The Summitville real estate market had 12 homes for sale in October 2024, a 71.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 57
+40.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Summitville 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 increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summitville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Summitville in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Summitville, IN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
44 Days24 Days-45.5%

Summary: Homes in Summitville had an average of 24 days on market in Oct 2024, down by 45.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Summitville; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in Summitville, IN

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