Is 47362, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47362 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47362 has remained a Seller's Market.

Key Takeaway

47362 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47362, IN

How much do homes in 47362, IN cost?

Median Sold Price

$140,000

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,350(+14.1%)

Key Takeaway

Homes in 47362 have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in 47362 was $140,000 in April 2024, up 14.1% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $93.7K$100K
+6.7%
2 $78.2K$97.5K
+24.7%
3 $138.9K$153.9K
+10.8%
4 $179K$197K
+10.1%
5+ $250K$280K
+12.0%

Summary: 47362 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 12%.

Housing Supply in 47362, IN

How many homes are available in 47362, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
93116+24.7%

Summary: The 47362 real estate market had 116 homes for sale in April 2024, a 24.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 2635
+34.6%
3 4655
+19.6%
4 1620
+25.0%
5+ 55
0.0%

Summary: The 47362 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 34.6%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1840+122.2%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47362, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 47362 in April 2024, up by 122.2% month-over-month. Of the 40 sold homes, 43% were sold under asking, 15% were sold at asking, and 43% were sold over asking.

Days on Market for 47362, IN

How long does it take to sell a home in 47362, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days30 Days-5.3%

Summary: Homes in 47362 had an average of 30 days on market in Apr 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47362 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 40 homes were sold in 47362; 43% of homes were sold within 30 days, 18% 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 7 Days Ago

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