Is 47303, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47303 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47303 has remained a Seller's Market.

Key Takeaway

47303 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47303, IN

How much do homes in 47303, IN cost?

Median Sold Price

$119,950

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$17,550(-12.8%)

Key Takeaway

Homes in 47303 have sold for 12.8% less than they did a year ago.

Summary: The median home sold price in 47303 was $119,950 in April 2024, down 12.8% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$79K
N/A
2 $65K$56.5K
-13.1%
3 $135K$156K
+15.6%
4 $245.7K$184K
-25.1%
5+ $265.7K$229.9K
-13.5%

Summary: 47303 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 13.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Zip Codes

47302
+16.1%
47304
+0.8%
47303
-12.8%

Housing Supply in 47303, IN

How many homes are available in 47303, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5563+14.5%

Summary: The 47303 real estate market had 63 homes for sale in April 2024, a 14.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1621
+31.3%
3 2725
-7.4%
4 1011
+10.0%
5+ 25
+150.0%

Summary: The 47303 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 31.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47303, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 47303 in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for 47303, IN

How long does it take to sell a home in 47303, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
8 Days56 Days+564.7%

Summary: Homes in 47303 had an average of 56 days on market in Apr 2024, up by 564.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47303 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 13 homes were sold in 47303; 23% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 15 Days Ago

Newest Listings in 47303, IN

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