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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McCordsville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in McCordsville, IN

How much do homes in McCordsville, IN cost?

Median Sold Price

$365,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$14,990(-3.9%)

Key Takeaway

Homes in McCordsville have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in McCordsville was $365,000 in April 2024, down 3.9% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$190K
N/A
2 $295.9K$365K
+23.4%
3 $327.4K$340K
+3.8%
4 $403K$375K
-6.9%
5+ $450K$475K
+5.6%

Summary: McCordsville 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 increased by 23.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

Lawrence Township
+6.6%
Vernon Township
+4.8%
Lawrence
+2.8%
Fall Creek Township
0.1%
McCordsville
-3.9%

Housing Supply in McCordsville, IN

How many homes are available in McCordsville, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8380-3.6%

Summary: The McCordsville real estate market had 80 homes for sale in April 2024, a 3.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 4141
0.0%
4 3227
-15.6%
5+ 78
+14.3%

Summary: The McCordsville 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1823+27.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McCordsville, 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 McCordsville in April 2024, up by 27.8% month-over-month. Of the 23 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% were sold over asking.

Days on Market for McCordsville, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
52 Days-324 Days-714.2%

Summary: Homes in McCordsville had an average of -324 days on market in Apr 2024, down by 714.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 23 homes were sold in McCordsville; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 McCordsville, IN

Nearby Markets to McCordsville, IN

What housing markets are near McCordsville, IN?