Is 47201, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 47201 has remained a Seller's Market.
Housing Prices in 47201, IN
How much do homes in 47201, IN cost?
Median Sold Price
$244,333
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 47201 was $244,333 in April 2024, down 1.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $123K | +23.0% |
2 Bedrooms | $145K | $168.7K | +16.4% |
3 Bedrooms | $237K | $237.3K | 0.1% |
4 Bedrooms | $366.2K | $375K | +2.4% |
5+ Bedrooms | $458.9K | $442.5K | -3.6% |
Summary: 47201 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Zip Codes
47232 | $185K | $209.5K | +13.2% |
47203 | $265K | $279.5K | +5.5% |
47201 | $247.9K | $244.3K | -1.5% |
Housing Supply in 47201, IN
How many homes are available in 47201, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
155 | 170 | +9.7% |
Summary: The 47201 real estate market had 170 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 74 | 76 | +2.7% |
4 Bedrooms | 28 | 39 | +39.3% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 47201 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 46 | -2.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 47201 in April 2024, down by 2.1% month-over-month. Of the 46 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 47201, IN
How long does it take to sell a home in 47201, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 20 Days | -30.3% |
Summary: Homes in 47201 had an average of 20 days on market in Apr 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in 47201; 83% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.