Is Vigo County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vigo County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Vigo County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Vigo County, IN

How much do homes in Vigo County, IN cost?

Median Sold Price

$143,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,787(+14.2%)

Key Takeaway

Homes in Vigo County have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Vigo County was $143,000 in October 2024, up 14.2% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$85.5K
+55.5%
2 $79.9K$104.6K
+31.0%
3 $135K$170.9K
+26.6%
4 $228.5K$280K
+22.5%
5+ $315K$185K
-41.3%

Summary: Vigo County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.5%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 41.3%.

Median Sold Price Compared To Nearby Counties

Vigo County
+14.2%
Clay County
-2.1%

Housing Supply in Vigo County, IN

How many homes are available in Vigo County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
110115+4.5%

Summary: The Vigo County real estate market had 115 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 3136
+16.1%
3 4442
-4.5%
4 3030
0.0%
5+ 45
+25.0%

Summary: The Vigo County 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 16.1%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23230.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vigo County, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Vigo County in October 2024, the same as the previous month. Of the 23 sold homes, 57% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Vigo County, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days45 Days+46.8%

Summary: Homes in Vigo County had an average of 45 days on market in Oct 2024, up by 46.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 23 homes were sold in Vigo County; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

Newest Listings in Vigo County, IN

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What housing markets are near Vigo County, IN?