Is 47456, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47456 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47456 has remained a Seller's Market.

Key Takeaway

47456 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47456, IN

How much do homes in 47456, IN cost?

Median Sold Price

$225,000

$122/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in 47456 has remained the same since last year.

Summary: The median home sold price in 47456 was $225,000 in April 2024, the same as last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $136K$142.5K
+4.8%
3 $256.7K$199.5K
-22.3%
4 $799.9K$480K
-40.0%
5+ --
N/A

Summary: 47456 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 4.8%, 3 bedroom homes decreased by 22.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46120
+26.5%
46166
+14.2%
46151
+4.0%
47456
0.0%

Housing Supply in 47456, IN

How many homes are available in 47456, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
32-33.3%

Summary: The 47456 real estate market had 2 homes for sale in April 2024, a 33.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 47456 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 47456, 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 47456 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 47456, IN

How long does it take to sell a home in 47456, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days29 Days+1350.0%

Summary: Homes in 47456 had an average of 29 days on market in Apr 2024, up by 1350% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in 47456 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 47456; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in 47456, IN

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