Is 47265, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47265 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47265 has remained a Seller's Market.

Key Takeaway

47265 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47265, IN

How much do homes in 47265, IN cost?

Median Sold Price

$179,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,500(+0.8%)

Key Takeaway

Homes in 47265 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 47265 was $179,000 in April 2024, up 0.8% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $30K$83.5K
+178.3%
2 $102.5K$125K
+22.0%
3 $180K$195K
+8.3%
4 $242.5K$205K
-15.5%
5+ $328.9K$319.2K
-2.9%

Summary: 47265 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 178.3%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

47265
+0.8%
47283
-13.3%

Housing Supply in 47265, IN

How many homes are available in 47265, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
54540.0%

Summary: The 47265 real estate market had 54 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 1111
0.0%
3 3133
+6.5%
4 119
-18.2%
5+ 01
+100.0%

Summary: The 47265 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47265, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 47265 in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.

Days on Market for 47265, IN

How long does it take to sell a home in 47265, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
77 Days38 Days-50.5%

Summary: Homes in 47265 had an average of 38 days on market in Apr 2024, down by 50.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47265 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 16 homes were sold in 47265; 69% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 25% 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 10 Days Ago

Newest Listings in 47265, IN

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