Is 47868, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47868 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 47868 was a Neutral Market.

Key Takeaway

47868 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47868, IN

How much do homes in 47868, IN cost?

Median Sold Price

$79,900

$82/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$320,100(-80.0%)

Key Takeaway

Homes in 47868 have sold for 80% less than they did a month ago.

Summary: The median home sold price in 47868 was $79,900 in April 2024, down 80% from last month, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$79.9K
N/A
2 --
N/A
3 -$364.9K
N/A
4 --
N/A
5+ $400K-
N/A

Summary: 47868 housing prices by bedroom type for April 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 47868, IN

How many homes are available in 47868, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
660.0%

Summary: The 47868 real estate market had 6 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 00
0.0%
3 23
+50.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 47868 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were 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 47868, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 47868 in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for 47868, IN

How long does it take to sell a home in 47868, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
2 Days56 Days+2700.0%

Summary: Homes in 47868 had an average of 56 days on market in Apr 2024, up by 2700% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 47868 has remained consistent over time.

Summary: During April 2024, 3 homes were sold in 47868; 0% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in 47868, IN

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