Is 47320, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47320 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 47320 was a Buyer's Market.

Key Takeaway

47320 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47320, IN

How much do homes in 47320, IN cost?

Median Sold Price

$126,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$28,900(-18.7%)

Key Takeaway

Homes in 47320 have sold for 18.7% less than they did a year ago.

Summary: The median home sold price in 47320 was $126,000 in April 2024, down 18.7% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $94.7K$59K
-37.7%
3 $140K$126K
-10.0%
4 $197.2K$195K
-1.1%
5+ $576K$504.9K
-12.3%

Summary: 47320 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 37.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

47303
-12.8%
47320
-18.7%

Housing Supply in 47320, IN

How many homes are available in 47320, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
990.0%

Summary: The 47320 real estate market had 9 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 56
+20.0%
4 11
0.0%
5+ 22
0.0%

Summary: The 47320 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 decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47320, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 47320 in April 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 47320, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 14 Days Ago

Newest Listings in 47320, IN

Nearby Markets to 47320, IN