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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downtown is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Downtown was a Neutral Market.

Key Takeaway

Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Downtown, IN

How much do homes in Downtown, IN cost?

Median Sold Price

$372,500

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,750(+3.8%)

Key Takeaway

Homes in Downtown have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Downtown was $372,500 in April 2024, up 3.8% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $245K$249.9K
+2.0%
2 $357.5K$355K
-0.7%
3 $495K$502.5K
+1.5%
4 $627K$785K
+25.2%
5+ $341K$1.3M
+288.5%

Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 288.5%.

Median Sold Price Compared To Nearby Neighborhoods

Downtown
+3.8%
Indiana Avenue & Ransom Place
-10.2%

Housing Supply in Downtown, IN

How many homes are available in Downtown, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
113118+4.4%

Summary: The Downtown real estate market had 118 homes for sale in April 2024, a 4.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1823
+27.8%
2 5652
-7.1%
3 2931
+6.9%
4 89
+12.5%
5+ 23
+50.0%

Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1911-42.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downtown, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Downtown in April 2024, down by 42.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.

Days on Market for Downtown, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days33 Days-30.2%

Summary: Homes in Downtown had an average of 33 days on market in Apr 2024, down by 30.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 11 homes were sold in Downtown; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 7 Days Ago

Newest Listings in Downtown, IN

Nearby Markets to Downtown, IN