Is Boone County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Boone County has remained a Seller's Market.
Housing Prices in Boone County, IN
How much do homes in Boone County, IN cost?
Median Sold Price
$375,933
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Boone County was $375,933 in March 2024, down 2.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $273.7K | N/A |
2 Bedrooms | $186.2K | $281K | +50.9% |
3 Bedrooms | $295K | $315K | +6.8% |
4 Bedrooms | $485.5K | $428.5K | -11.7% |
5+ Bedrooms | $760K | $800K | +5.3% |
Summary: Boone County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Counties
Clinton County | $179.5K | $200K | +11.4% |
Montgomery County | $170K | $175K | +2.9% |
Hendricks County | $319.3K | $324.9K | +1.7% |
Marion County | $234.9K | $235.7K | 0.3% |
Boone County | $386.8K | $375.9K | -2.8% |
Housing Supply in Boone County, IN
How many homes are available in Boone County, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
289 | 290 | 0.3% |
Summary: The Boone County real estate market had 290 homes for sale in March 2024, a 0.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 26 | 0.0% |
3 Bedrooms | 120 | 118 | -1.7% |
4 Bedrooms | 84 | 87 | +3.6% |
5+ Bedrooms | 58 | 58 | 0.0% |
Summary: The Boone County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 103 | +90.7% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Boone County in March 2024, up by 90.7% month-over-month. Of the 103 sold homes, 55% were sold under asking, 34% were sold at asking, and 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 45 Days | +56.9% |
Summary: Homes in Boone County had an average of 45 days on market in Mar 2024, up by 56.9% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During March 2024, 103 homes were sold in Boone County; 57% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.