Is 47283, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47283 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47283 has remained a Seller's Market.

Key Takeaway

47283 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47283, IN

How much do homes in 47283, IN cost?

Median Sold Price

$182,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$28,000(-13.3%)

Key Takeaway

Homes in 47283 have sold for 13.3% less than they did a year ago.

Summary: The median home sold price in 47283 was $182,000 in April 2024, down 13.3% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $193K$118.7K
-38.5%
3 $201.6K$188.5K
-6.5%
4 $321.2K$230K
-28.4%
5+ $447.5K$299.9K
-33.0%

Summary: 47283 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 decreased by 38.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes decreased by 33%.

Median Sold Price Compared To Nearby Zip Codes

47265
+0.8%
47283
-13.3%

Housing Supply in 47283, IN

How many homes are available in 47283, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1412-14.3%

Summary: The 47283 real estate market had 12 homes for sale in April 2024, a 14.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 44
0.0%
3 108
-20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 47283 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47283, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 47283 in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 47283, IN

How long does it take to sell a home in 47283, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days25 Days-36.5%

Summary: Homes in 47283 had an average of 25 days on market in Apr 2024, down by 36.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47283 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 47283; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 3 Days Ago

Newest Listings in 47283, IN

Nearby Markets to 47283, IN