Is 47274, 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, 47274 has remained a Seller's Market.
Housing Prices in 47274, IN
How much do homes in 47274, IN cost?
Median Sold Price
$205,422
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 47274 was $205,422 in March 2024, up 2.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.2K | $77K | -31.4% |
2 Bedrooms | $135K | $145K | +7.4% |
3 Bedrooms | $207K | $200K | -3.4% |
4 Bedrooms | $277.5K | $270K | -2.7% |
5+ Bedrooms | $350K | $437.2K | +24.9% |
Summary: 47274 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Zip Codes
47220 | $187.2K | $220K | +17.5% |
47232 | $180K | $205K | +13.9% |
47274 | $199.9K | $205.4K | +2.7% |
47201 | $239.2K | $245K | +2.4% |
Housing Supply in 47274, IN
How many homes are available in 47274, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 88 | +22.2% |
Summary: The 47274 real estate market had 88 homes for sale in March 2024, a 22.2% 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 | 9 | 8 | -11.1% |
3 Bedrooms | 44 | 55 | +25.0% |
4 Bedrooms | 15 | 21 | +40.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 47274 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 decreased by 11.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 25 | +92.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 47274 in March 2024, up by 92.3% month-over-month. Of the 25 sold homes, 48% were sold under asking, 36% were sold at asking, and 16% were sold over asking.
Days on Market for 47274, IN
How long does it take to sell a home in 47274, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 29 Days | -30.7% |
Summary: Homes in 47274 had an average of 29 days on market in Mar 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 47274; 72% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.