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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellettsville is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Ellettsville was a Buyer's Market.

Key Takeaway

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

Housing Prices in Ellettsville, IN

How much do homes in Ellettsville, IN cost?

Median Sold Price

$276,900

$183/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$143,100(-34.1%)

Key Takeaway

Homes in Ellettsville have sold for 34.1% less than they did a month ago.

Summary: The median home sold price in Ellettsville was $276,900 in April 2024, down 34.1% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$172.9K
N/A
3 $420K$275.9K
-34.3%
4 -$429.9K
N/A
5+ --
N/A

Summary: Ellettsville housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 34.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Ellettsville, IN

How many homes are available in Ellettsville, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2442+75.0%

Summary: The Ellettsville real estate market had 42 homes for sale in April 2024, a 75.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1625
+56.3%
4 410
+150.0%
5+ 12
+100.0%

Summary: The Ellettsville 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 66.7%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
19+800.0%

Asking Price vs. Sold Price

2 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 Ellettsville, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Ellettsville in April 2024, up by 800.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 56% were sold at asking, and 22% were sold over asking.

Days on Market for Ellettsville, IN

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

Average Sale Time

Mar 2024Apr 2024CHANGE
124 Days8 Days-93.5%

Summary: Homes in Ellettsville had an average of 8 days on market in Apr 2024, down by 93.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 9 homes were sold in Ellettsville; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

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