Is 47805, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47805 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 47805 has remained a Seller's Market.

Key Takeaway

47805 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47805, IN

How much do homes in 47805, IN cost?

Median Sold Price

$173,000

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,000(+11.6%)

Key Takeaway

Homes in 47805 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 47805 was $173,000 in April 2024, up 11.6% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $102.4K$111.7K
+9.1%
3 $169K$173K
+2.4%
4 $210K$279.9K
+33.3%
5+ $470K-
N/A

Summary: 47805 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 9.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 33.3%, 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 47805, IN

How many homes are available in 47805, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
910+11.1%

Summary: The 47805 real estate market had 10 homes for sale in April 2024, a 11.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 45
+25.0%
5+ 00
0.0%

Summary: The 47805 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 remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47805, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 47805 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 47805, IN

How long does it take to sell a home in 47805, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days29 Days-3.8%

Summary: Homes in 47805 had an average of 29 days on market in Apr 2024, down by 3.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47805 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in 47805; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 6 Days Ago

Newest Listings in 47805, IN

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