Is 47203, 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, 47203 has remained a Seller's Market.
Housing Prices in 47203, IN
How much do homes in 47203, IN cost?
Median Sold Price
$279,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 47203 was $279,500 in April 2024, up 5.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | - | N/A |
2 Bedrooms | $184.5K | $240K | +30.1% |
3 Bedrooms | $245K | $255K | +4.1% |
4 Bedrooms | $322K | $360K | +11.8% |
5+ Bedrooms | $452.5K | $485.5K | +7.3% |
Summary: 47203 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 30.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Zip Codes
47203 | $265K | $279.5K | +5.5% |
47246 | $190K | $200K | +5.3% |
Housing Supply in 47203, IN
How many homes are available in 47203, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 72 | -12.2% |
Summary: The 47203 real estate market had 72 homes for sale in April 2024, a 12.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 37 | 29 | -21.6% |
4 Bedrooms | 32 | 25 | -21.9% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 47203 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 50%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 22 | -33.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 47203 in April 2024, down by 33.3% month-over-month. Of the 22 sold homes, 68% were sold under asking, 27% were sold at asking, and 5% were sold over asking.
Days on Market for 47203, IN
How long does it take to sell a home in 47203, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 36 Days | +56.7% |
Summary: Homes in 47203 had an average of 36 days on market in Apr 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in 47203; 77% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.