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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Connersville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Connersville, IN

How much do homes in Connersville, IN cost?

Median Sold Price

$148,500

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,500(+10.0%)

Key Takeaway

Homes in Connersville have sold for 10% more than they did a year ago.

Summary: The median home sold price in Connersville was $148,500 in April 2024, up 10% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $70K$47.5K
-32.1%
3 $137.5K$160K
+16.4%
4 $200.9K$145K
-27.9%
5+ $150K$530K
+253.3%

Summary: Connersville 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 decreased by 32.1%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes increased by 253.3%.

Median Sold Price Compared To Nearby Cities

Connersville
+10.0%
Connersville Township
-1.0%

Housing Supply in Connersville, IN

How many homes are available in Connersville, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
11110.0%

Summary: The Connersville real estate market had 11 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 77
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Connersville 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Connersville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Connersville in April 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Connersville, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
101 Days54 Days-46.2%

Summary: Homes in Connersville had an average of 54 days on market in Apr 2024, down by 46.2% compared to last year.

Breakdown of Home Sale Times

2 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 Connersville are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Connersville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 8 Days Ago

Newest Listings in Connersville, IN

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