Is 47803, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47803 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47803 has remained a Seller's Market.

Key Takeaway

47803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47803, IN

How much do homes in 47803, IN cost?

Median Sold Price

$153,000

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,000(+4.1%)

Key Takeaway

Homes in 47803 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 47803 was $153,000 in April 2024, up 4.1% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$60.7K
N/A
2 $110K$97.2K
-11.6%
3 $154.1K$163K
+5.7%
4 $317.2K$274.9K
-13.3%
5+ $442.5K$378.7K
-14.4%

Summary: 47803 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 decreased by 11.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 14.4%.

Median Sold Price Compared To Nearby Zip Codes

47804
+43.2%
47805
+11.6%
47802
+5.0%
47803
+4.1%

Housing Supply in 47803, IN

How many homes are available in 47803, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2322-4.3%

Summary: The 47803 real estate market had 22 homes for sale in April 2024, a 4.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 912
+33.3%
4 64
-33.3%
5+ 00
0.0%

Summary: The 47803 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 decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

6 Homes Were 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 47803, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 47803 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for 47803, IN

How long does it take to sell a home in 47803, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
99 Days28 Days-71.6%

Summary: Homes in 47803 had an average of 28 days on market in Apr 2024, down by 71.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47803 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 47803; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 8 Days Ago

Newest Listings in 47803, IN

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