Is 47872, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 47872 was a Buyer's Market.
Housing Prices in 47872, IN
How much do homes in 47872, IN cost?
Median Sold Price
$175,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 47872 was $175,000 in April 2024, up 8.7% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $80.2K | -46.5% |
2 Bedrooms | $110.5K | $132.7K | +20.1% |
3 Bedrooms | $170.9K | $197.9K | +15.8% |
4 Bedrooms | $309.2K | $226.2K | -26.8% |
5+ Bedrooms | $125K | $387.5K | +210.0% |
Summary: 47872 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.5%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes increased by 210%.
Housing Supply in 47872, IN
How many homes are available in 47872, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 26 | -10.3% |
Summary: The 47872 real estate market had 26 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 47872 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 28.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 47872 in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 47872, IN
How long does it take to sell a home in 47872, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 30 Days | -61.8% |
Summary: Homes in 47872 had an average of 30 days on market in Apr 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 47872; 67% 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.