Is Terre Haute, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terre Haute is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Terre Haute has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Terre Haute, IN

How much do homes in Terre Haute, IN cost?

Median Sold Price

$146,633

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,133(+20.7%)

Key Takeaway

Homes in Terre Haute have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in Terre Haute was $146,633 in October 2024, up 20.7% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $59.2K$85.5K
+44.3%
2 $80K$108.5K
+35.6%
3 $135K$172K
+27.4%
4 $228K$282.5K
+23.9%
5+ $315K$185K
-41.3%

Summary: Terre Haute housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.3%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes decreased by 41.3%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+26.3%
Terre Haute
+20.7%

Housing Supply in Terre Haute, IN

How many homes are available in Terre Haute, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103106+2.9%

Summary: The Terre Haute real estate market had 106 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2934
+17.2%
3 4139
-4.9%
4 2828
0.0%
5+ 43
-25.0%

Summary: The Terre Haute housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2320-13.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Terre Haute, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Terre Haute in October 2024, down by 13.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Terre Haute, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days47 Days+51.5%

Summary: Homes in Terre Haute had an average of 47 days on market in Oct 2024, up by 51.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 20 homes were sold in Terre Haute; 65% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 16 Days Ago

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