Is Boone County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone County is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Boone County, IN

How much do homes in Boone County, IN cost?

Median Sold Price

$379,004

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,382(-1.4%)

Key Takeaway

Homes in Boone County have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Boone County was $379,004 in September 2024, down 1.4% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $325K$273.7K
-15.8%
2 $245K$275K
+12.2%
3 $310K$319.9K
+3.2%
4 $467.9K$424.6K
-9.3%
5+ $805K$660K
-18.0%

Summary: Boone County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 18%.

Median Sold Price Compared To Nearby Counties

Clinton County
+20.3%
Montgomery County
+13.5%
Hendricks County
+5.2%
Marion County
+4.7%
Boone County
-1.4%

Housing Supply in Boone County, IN

How many homes are available in Boone County, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
355346-2.5%

Summary: The Boone County real estate market had 346 homes for sale in September 2024, a 2.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 3430
-11.8%
3 131135
+3.1%
4 118107
-9.3%
5+ 7274
+2.8%

Summary: The Boone County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 2.8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
10193-7.9%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone County, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.

Summary: A total of 93 homes were sold or pending in Boone County in September 2024, down by 7.9% month-over-month. Of the 93 sold homes, 61% were sold under asking, 16% were sold at asking, and 23% were sold over asking.

Days on Market for Boone County, IN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
50 Days30 Days-39.4%

Summary: Homes in Boone County had an average of 30 days on market in Sep 2024, down by 39.4% compared to last year.

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 93 homes were sold in Boone County; 57% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 4% 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 30 Days Ago

Newest Listings in Boone County, IN

Nearby Markets to Boone County, IN

What housing markets are near Boone County, IN?