Is Connersville, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Connersville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Connersville, IN

How much do homes in Connersville, IN cost?

Median Sold Price

$148,500

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,500(+10.0%)

Key Takeaway

Homes in Connersville have sold for 10% more than they did a year ago.

Summary: The median home sold price in Connersville was $148,500 in April 2024, up 10% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $70K$47.5K
-32.1%
3 $137.5K$160K
+16.4%
4 $200.9K$145K
-27.9%
5+ $150K$530K
+253.3%

Summary: Connersville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.1%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes increased by 253.3%.

Median Sold Price Compared To Nearby Cities

Connersville
+10.0%
Connersville Township
-1.0%

Housing Supply in Connersville, IN

How many homes are available in Connersville, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
11110.0%

Summary: The Connersville real estate market had 11 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 77
0.0%
4 43
-25.0%
5+ 00
0.0%

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

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Connersville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Connersville in April 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Connersville, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
101 Days54 Days-46.2%

Summary: Homes in Connersville had an average of 54 days on market in Apr 2024, down by 46.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 3 homes were sold in Connersville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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

Newest Listings in Connersville, IN

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