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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galludet is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Galludet, IN

How much do homes in Galludet, IN cost?

Median Sold Price

$295,250

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$4,750(-1.6%)

Key Takeaway

Homes in Galludet have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Galludet was $295,250 in May 2024, down 1.6% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $273K$271.5K
-0.5%
3 $273.8K$266K
-2.9%
4 $325K$324.5K
-0.2%
5+ $425K$399.9K
-5.9%

Summary: Galludet 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 decreased by 0.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 5.9%.

Housing Supply in Galludet, IN

How many homes are available in Galludet, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8381-2.4%

Summary: The Galludet real estate market had 81 homes for sale in May 2024, a 2.4% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1712
-29.4%
3 2733
+22.2%
4 3432
-5.9%
5+ 54
-20.0%

Summary: The Galludet 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 decreased by 29.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galludet, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Galludet in May 2024, down by 18.2% month-over-month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for Galludet, IN

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

Average Sale Time

May 2023May 2024CHANGE
76 Days21 Days-72.1%

Summary: Homes in Galludet had an average of 21 days on market in May 2024, down by 72.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 18 homes were sold in Galludet; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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 1 Day Ago

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