Is 47429, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47429 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47429 was a Buyer's Market.

Key Takeaway

47429 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47429, IN

How much do homes in 47429, IN cost?

Median Sold Price

$389,000

$189/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$31,000(-7.4%)

Key Takeaway

Homes in 47429 have sold for 7.4% less than they did a month ago.

Summary: The median home sold price in 47429 was $389,000 in April 2024, down 7.4% from last month, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$172.9K
N/A
3 $420K$332.9K
-20.7%
4 -$429.9K
N/A
5+ --
N/A

Summary: 47429 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 decreased by 20.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47429
-7.4%
47433
-39.4%

Housing Supply in 47429, IN

How many homes are available in 47429, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2035+75.0%

Summary: The 47429 real estate market had 35 homes for sale in April 2024, a 75.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1219
+58.3%
4 410
+150.0%
5+ 12
+100.0%

Summary: The 47429 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 increased by 33.3%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47429, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 47429 in April 2024, up by 600.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% were sold over asking.

Days on Market for 47429, IN

How long does it take to sell a home in 47429, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
124 Days11 Days-91.1%

Summary: Homes in 47429 had an average of 11 days on market in Apr 2024, down by 91.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47429 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 47429; 29% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in 47429, IN

Nearby Markets to 47429, IN