Is Valley Mills, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valley Mills is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Valley Mills has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Valley Mills, IN

How much do homes in Valley Mills, IN cost?

Median Sold Price

$240,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,000(+1.7%)

Key Takeaway

Homes in Valley Mills have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Valley Mills was $240,000 in November 2024, up 1.7% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $204.9K$208.5K
+1.7%
3 $229.9K$235K
+2.2%
4 $270K$262K
-3.0%
5+ $232.5K$300K
+29.0%

Summary: Valley Mills 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 1.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 29%.

Median Sold Price Compared To Nearby Neighborhoods

Valley Mills
+1.7%
Old Mill Park
-1.0%

Housing Supply in Valley Mills, IN

How many homes are available in Valley Mills, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
53530.0%

Summary: The Valley Mills real estate market had 53 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 4038
-5.0%
4 1111
0.0%
5+ 00
0.0%

Summary: The Valley Mills 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 increased by 100%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1618+12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valley Mills, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Valley Mills in November 2024, up by 12.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.

Days on Market for Valley Mills, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days30 Days-12.1%

Summary: Homes in Valley Mills had an average of 30 days on market in Nov 2024, down by 12.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in Valley Mills; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% 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 Valley Mills, IN

Nearby Markets to Valley Mills, IN