Is Traders Point, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Traders Point is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Traders Point has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Traders Point, IN

How much do homes in Traders Point, IN cost?

Median Sold Price

$369,500

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,000(+2.2%)

Key Takeaway

Homes in Traders Point have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Traders Point was $369,500 in September 2024, up 2.2% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $203.7K$182K
-10.7%
3 $273K$305.5K
+11.9%
4 $429.9K$421K
-2.1%
5+ $515K$592.4K
+15.0%

Summary: Traders Point 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 10.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 15%.

Housing Supply in Traders Point, IN

How many homes are available in Traders Point, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4032-20.0%

Summary: The Traders Point real estate market had 32 homes for sale in September 2024, a 20.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1210
-16.7%
4 1812
-33.3%
5+ 98
-11.1%

Summary: The Traders Point 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 increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Traders Point, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Traders Point in September 2024, down by 15.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for Traders Point, IN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
28 Days23 Days-16.8%

Summary: Homes in Traders Point had an average of 23 days on market in Sep 2024, down by 16.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Traders Point; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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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