Is 47201, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47201 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47201 has remained a Seller's Market.

Key Takeaway

47201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$3,663(-1.5%)

Key Takeaway

Homes in 47201 have sold for 1.5% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $100K$123K
+23.0%
2 $145K$168.7K
+16.4%
3 $237K$237.3K
0.1%
4 $366.2K$375K
+2.4%
5+ $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
+13.2%
47203
+5.5%
47201
-1.5%

Housing Supply in 47201, IN

How many homes are available in 47201, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
155170+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

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 3132
+3.2%
3 7476
+2.7%
4 2839
+39.3%
5+ 2020
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 2024Apr 2024CHANGE
4746-2.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47201, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
29 Days20 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47201 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in 47201, IN

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