Is 47304, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47304 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47304 has remained a Seller's Market.

Key Takeaway

47304 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$1,500(+0.8%)

Key Takeaway

Homes in 47304 have sold for 0.8% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 -$135K
N/A
2 $129K$144.9K
+12.4%
3 $170K$169K
-0.6%
4 $263.9K$258.2K
-2.2%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

47304
+0.8%
47396
-7.8%
47303
-12.8%

Housing Supply in 47304, IN

How many homes are available in 47304, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7485+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1517
+13.3%
3 4350
+16.3%
4 1013
+30.0%
5+ 65
-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 2024Apr 2024CHANGE
1322+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47304, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
20 Days88 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47304 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in 47304, IN

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