Is 47006, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47006 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47006 has remained a Seller's Market.

Key Takeaway

47006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47006, IN

How much do homes in 47006, IN cost?

Median Sold Price

$306,500

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$1,500(-0.5%)

Key Takeaway

The sold price of homes in 47006 has remained the same since last year.

Summary: The median home sold price in 47006 was $306,500 in April 2024, down 0.5% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $159.9K$195K
+22.0%
3 $275K$263.9K
-4.0%
4 $394.5K$345K
-12.5%
5+ $405K$345K
-14.8%

Summary: 47006 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 22%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 14.8%.

Housing Supply in 47006, IN

How many homes are available in 47006, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
17170.0%

Summary: The 47006 real estate market had 17 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 10
-100.0%
3 711
+57.1%
4 74
-42.9%
5+ 22
0.0%

Summary: The 47006 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 decreased by 100%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47006, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 47006 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 47006, IN

How long does it take to sell a home in 47006, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days28 Days-26.6%

Summary: Homes in 47006 had an average of 28 days on market in Apr 2024, down by 26.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47006 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 47006; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 9 Days Ago

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