Is 47240, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 47240 has remained a Seller's Market.
Housing Prices in 47240, IN
How much do homes in 47240, IN cost?
Median Sold Price
$210,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 47240 was $210,000 in March 2024, up 10.5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $100K | -10.7% |
2 Bedrooms | $128K | $149.9K | +17.1% |
3 Bedrooms | $194K | $219.4K | +13.1% |
4 Bedrooms | $353.5K | $302.9K | -14.3% |
5+ Bedrooms | $399.9K | $343.7K | -14.0% |
Summary: 47240 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Zip Codes
47272 | $138.5K | $176K | +27.1% |
47240 | $190K | $210K | +10.5% |
Housing Supply in 47240, IN
How many homes are available in 47240, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 67 | +11.7% |
Summary: The 47240 real estate market had 67 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 38 | 39 | +2.6% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 47240 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 47240 in March 2024, down by 25.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 47240, IN
How long does it take to sell a home in 47240, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 47 Days | -28.9% |
Summary: Homes in 47240 had an average of 47 days on market in Mar 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 47240; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.