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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fortville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Fortville, IN

How much do homes in Fortville, IN cost?

Median Sold Price

$375,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$85,100(+29.4%)

Key Takeaway

Homes in Fortville have sold for 29.4% more than they did a year ago.

Summary: The median home sold price in Fortville was $375,000 in May 2024, up 29.4% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$139.9K
N/A
2 $175K$218.5K
+24.9%
3 $264K$300K
+13.6%
4 $370.5K$408K
+10.1%
5+ $530.4K$527.5K
-0.5%

Summary: Fortville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Cities

Fortville
+29.4%
Green Township
+19.5%
Vernon Township
+5.0%
Fall Creek Township
+1.8%

Housing Supply in Fortville, IN

How many homes are available in Fortville, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5655-1.8%

Summary: The Fortville real estate market had 55 homes for sale in May 2024, a 1.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2019
-5.0%
4 2123
+9.5%
5+ 1310
-23.1%

Summary: The Fortville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fortville, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Fortville in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Fortville, IN

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

Average Sale Time

May 2023May 2024CHANGE
63 Days46 Days-27.6%

Summary: Homes in Fortville had an average of 46 days on market in May 2024, down by 27.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 20 homes were sold in Fortville; 75% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 20% 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 12 Days Ago

Newest Listings in Fortville, IN

Nearby Markets to Fortville, IN

What housing markets are near Fortville, IN?