Is 47304, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 47304 has remained a Seller's Market.
Housing Prices in 47304, IN
How much do homes in 47304, IN cost?
Median Sold Price
$180,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 47304 was $180,000 in April 2024, up 0.8% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $135K | N/A |
2 Bedrooms | $129K | $144.9K | +12.4% |
3 Bedrooms | $170K | $169K | -0.6% |
4 Bedrooms | $263.9K | $258.2K | -2.2% |
5+ Bedrooms | $347.4K | $305K | -12.2% |
Summary: 47304 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 increased by 12.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 12.2%.
Housing Supply in 47304, IN
How many homes are available in 47304, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 85 | +14.9% |
Summary: The 47304 real estate market had 85 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 43 | 50 | +16.3% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 47304 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 increased by 13.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 47304 in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 47304, IN
How long does it take to sell a home in 47304, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 88 Days | +329.3% |
Summary: Homes in 47304 had an average of 88 days on market in Apr 2024, up by 329.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in 47304; 14% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.