Is 47610, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47610 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 47610 has remained a Seller's Market.

Key Takeaway

47610 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47610, IN

How much do homes in 47610, IN cost?

Median Sold Price

$206,500

$161/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$22,500(-9.8%)

Key Takeaway

Homes in 47610 have sold for 9.8% less than they did a month ago.

Summary: The median home sold price in 47610 was $206,500 in October 2024, down 9.8% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $227K-
N/A
3 $228K$206.5K
-9.4%
4 $705.1K-
N/A
5+ --
N/A

Summary: 47610 housing prices by bedroom type for October 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 9.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

47715
+9.9%
47630
+7.6%
47725
-1.5%
47610
-9.8%

Housing Supply in 47610, IN

How many homes are available in 47610, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2824-14.3%

Summary: The 47610 real estate market had 24 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2118
-14.3%
4 54
-20.0%
5+ 00
0.0%

Summary: The 47610 housing inventory by bedroom type for October 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 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47610, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 47610 in October 2024, down by 46.2% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 47610, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in 47610, IN

Nearby Markets to 47610, IN