Is Cumberland, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cumberland has remained a Seller's Market.
Housing Prices in Cumberland, IN
How much do homes in Cumberland, IN cost?
Median Sold Price
$247,450
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cumberland was $247,450 in April 2024, up 1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $145K | -9.4% |
3 Bedrooms | $219.5K | $230K | +4.8% |
4 Bedrooms | $306K | $290K | -5.2% |
5+ Bedrooms | $360K | $376.5K | +4.6% |
Summary: Cumberland 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 9.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Warren Township | $195.2K | $200K | +2.4% |
Indianapolis | $235.7K | $240K | +1.8% |
Cumberland | $245K | $247.4K | +1.0% |
Sugar Creek Township | $360K | $359.9K | 0% |
Buck Creek Township | $298.7K | $297K | -0.6% |
Housing Supply in Cumberland, IN
How many homes are available in Cumberland, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 13 | -40.9% |
Summary: The Cumberland real estate market had 13 homes for sale in April 2024, a 40.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 14 | 7 | -50.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Cumberland 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cumberland in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cumberland, IN
How long does it take to sell a home in Cumberland, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 114 Days | +461.1% |
Summary: Homes in Cumberland had an average of 114 days on market in Apr 2024, up by 461.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Cumberland; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.