Is 47390, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47390 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47390 was a Buyer's Market.

Key Takeaway

47390 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47390, IN

How much do homes in 47390, IN cost?

Median Sold Price

$119,950

$75/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$84,950(+242.7%)

Key Takeaway

Homes in 47390 have sold for 242.7% more than they did a month ago.

Summary: The median home sold price in 47390 was $119,950 in April 2024, up 242.7% from last month, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $35K$100K
+185.7%
4 -$185K
N/A
5+ --
N/A

Summary: 47390 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 185.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47390, IN

How many homes are available in 47390, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
10100.0%

Summary: The 47390 real estate market had 10 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 11
0.0%
3 76
-14.3%
4 23
+50.0%
5+ 00
0.0%

Summary: The 47390 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47390, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 47390 in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 47390, IN

How long does it take to sell a home in 47390, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
29 Days36 Days+24.1%

Summary: Homes in 47390 had an average of 36 days on market in Apr 2024, up by 24.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 47390 has remained consistent over time.

Summary: During April 2024, 4 homes were sold in 47390; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in 47390, IN

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