Is 47401, 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, 47401 was a Seller's Market.
Housing Prices in 47401, IN
How much do homes in 47401, IN cost?
Median Sold Price
$357,750
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 47401 was $357,750 in April 2024, up 24.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $139.9K | +16.6% |
2 Bedrooms | $165K | $181.5K | +10.0% |
3 Bedrooms | $283.5K | $292.5K | +3.2% |
4 Bedrooms | $492.5K | $450K | -8.6% |
5+ Bedrooms | $727K | $750K | +3.2% |
Summary: 47401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 47401, IN
How many homes are available in 47401, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 125 | +62.3% |
Summary: The 47401 real estate market had 125 homes for sale in April 2024, a 62.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 26 | +73.3% |
3 Bedrooms | 26 | 40 | +53.8% |
4 Bedrooms | 26 | 42 | +61.5% |
5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The 47401 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 73.3%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 20 | +300.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 47401 in April 2024, up by 300.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 35% were sold at asking, and 5% were sold over asking.
Days on Market for 47401, IN
How long does it take to sell a home in 47401, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 19 Days | +7.4% |
Summary: Homes in 47401 had an average of 19 days on market in Apr 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in 47401; 10% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.