Is 47384, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 47384 was a Neutral Market.
Key Takeaway
47384 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 47384, IN
How much do homes in 47384, IN cost?
Median Sold Price
$166,250
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 47384 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 47384 was $166,250 in April 2024, up 6.2% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359.4K | - | N/A |
| 2 Bedrooms | $64.5K | $142.5K | +120.9% |
| 3 Bedrooms | $159K | $172.5K | +8.5% |
| 4 Bedrooms | $221K | $166.2K | -24.8% |
| 5+ Bedrooms | $40K | - | N/A |
Summary: 47384 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 120.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 46148 | $153.4K | $186K | +21.2% |
| 47384 | $156.5K | $166.2K | +6.2% |
| 47356 | $200K | $166K | -17.0% |
Housing Supply in 47384, IN
How many homes are available in 47384, IN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The 47384 real estate market had 8 homes for sale in April 2024, a 14.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 47384 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 47384, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 47384 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 47384, IN
How long does it take to sell a home in 47384, IN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 148 Days | +543.5% |
Summary: Homes in 47384 had an average of 148 days on market in Apr 2024, up by 543.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 47384 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in 47384; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.