Is 47804, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47804 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47804 has remained a Seller's Market.

Key Takeaway

47804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47804, IN

How much do homes in 47804, IN cost?

Median Sold Price

$90,950

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$27,450(+43.2%)

Key Takeaway

Homes in 47804 have sold for 43.2% more than they did a year ago.

Summary: The median home sold price in 47804 was $90,950 in April 2024, up 43.2% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $63.5K$97.5K
+53.5%
2 $58.5K$82.2K
+40.6%
3 $79.9K$86.5K
+8.3%
4 $157K$130K
-17.2%
5+ -$160.7K
N/A

Summary: 47804 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.5%, 2 bedroom homes increased by 40.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 47804, IN

How many homes are available in 47804, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1411-21.4%

Summary: The 47804 real estate market had 11 homes for sale in April 2024, a 21.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 63
-50.0%
3 45
+25.0%
4 22
0.0%
5+ 21
-50.0%

Summary: The 47804 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47804, 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 47804 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 47804, IN

How long does it take to sell a home in 47804, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days97 Days+3498.2%

Summary: Homes in 47804 had an average of 97 days on market in Apr 2024, up by 3498.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 47804 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in 47804; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 14 Days Ago

Newest Listings in 47804, IN

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