Is 47433, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47433 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47433 has remained a Seller's Market.

Key Takeaway

47433 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47433, IN

How much do homes in 47433, IN cost?

Median Sold Price

$259,500

$164/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$169,000(-39.4%)

Key Takeaway

Homes in 47433 have sold for 39.4% less than they did a month ago.

Summary: The median home sold price in 47433 was $259,500 in April 2024, down 39.4% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$92.5K
N/A
3 $415K$295K
-28.9%
4 $442K-
N/A
5+ --
N/A

Summary: 47433 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 28.9%, 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 47433, IN

How many homes are available in 47433, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
880.0%

Summary: The 47433 real estate market had 8 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 22
0.0%
3 43
-25.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The 47433 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 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47433, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 47433 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 47433, IN

How long does it take to sell a home in 47433, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
245 Days95 Days-61.0%

Summary: Homes in 47433 had an average of 95 days on market in Apr 2024, down by 61% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47433 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in 47433; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in 47433, IN

Nearby Markets to 47433, IN