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 neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Vigo County was a Seller's Market.

Key Takeaway

Vigo County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Vigo County, IN

How much do homes in Vigo County, IN cost?

Median Sold Price

$142,750

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,037(+14.5%)

Key Takeaway

Homes in Vigo County have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Vigo County was $142,750 in November 2024, up 14.5% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$67.2K
+22.3%
2 $80K$106K
+32.5%
3 $135K$169.4K
+25.5%
4 $229.2K$274.4K
+19.7%
5+ $315K$185K
-41.3%

Summary: Vigo County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 41.3%.

Median Sold Price Compared To Nearby Counties

Parke County
+14.6%
Vigo County
+14.5%
Clark County
+14.0%
Clay County
-6.5%

Housing Supply in Vigo County, IN

How many homes are available in Vigo County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
108106-1.9%

Summary: The Vigo County real estate market had 106 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 3229
-9.4%
3 4146
+12.2%
4 2926
-10.3%
5+ 43
-25.0%

Summary: The Vigo County 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 decreased by 9.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2317-26.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Vigo County in November 2024, down by 26.1% month-over-month. Of the 17 sold homes, 47% were sold under asking, 41% were sold at asking, and 12% 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

Nov 2023Nov 2024CHANGE
31 Days21 Days-30.6%

Summary: Homes in Vigo County had an average of 21 days on market in Nov 2024, down by 30.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 17 homes were sold in Vigo County; 65% of homes were sold within 30 days, 24% 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 20 Days Ago

Newest Listings in Vigo County, IN

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