Is 47460, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47460 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 47460 was a Seller's Market.

Key Takeaway

47460 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 47460, IN

How much do homes in 47460, IN cost?

Median Sold Price

$249,900

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,900(+16.2%)

Key Takeaway

Homes in 47460 have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in 47460 was $249,900 in April 2024, up 16.2% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $99.9K$42.4K
-57.5%
2 $205K$180.5K
-12.0%
3 $225K$249.9K
+11.1%
4 $272.4K$299.2K
+9.9%
5+ -$365K
N/A

Summary: 47460 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.5%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes did not change.

Housing Supply in 47460, IN

How many homes are available in 47460, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3143+38.7%

Summary: The 47460 real estate market had 43 homes for sale in April 2024, a 38.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 46
+50.0%
3 1722
+29.4%
4 912
+33.3%
5+ 01
+100.0%

Summary: The 47460 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 50%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47460, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 47460 in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for 47460, IN

How long does it take to sell a home in 47460, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
44 Days4 Days-89.4%

Summary: Homes in 47460 had an average of 4 days on market in Apr 2024, down by 89.4% compared to last year.

Breakdown of Home Sale Times

4 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 47460 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in 47460; 80% 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 3 Days Ago

Newest Listings in 47460, IN

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