Is Fall Creek Place, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fall Creek Place was a Neutral Market.
Key Takeaway
Fall Creek Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fall Creek Place, IN
How much do homes in Fall Creek Place, IN cost?
Median Sold Price
$457,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fall Creek Place have sold for 7% more than they did a year ago.
Summary: The median home sold price in Fall Creek Place was $457,500 in April 2024, up 7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295.5K | $307K | +3.9% |
| 3 Bedrooms | $447.5K | $400K | -10.6% |
| 4 Bedrooms | $457.5K | $513.7K | +12.3% |
| 5+ Bedrooms | $433.7K | $716.7K | +65.2% |
Summary: Fall Creek Place 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 increased by 3.9%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 65.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Lincoln Park | $415K | $447.5K | +7.8% |
| Fall Creek Place | $427.5K | $457.5K | +7.0% |
| Near Northside | $421K | $410K | -2.6% |
Housing Supply in Fall Creek Place, IN
How many homes are available in Fall Creek Place, IN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The Fall Creek Place real estate market had 25 homes for sale in April 2024, a 38.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Fall Creek Place housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fall Creek Place, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Fall Creek Place in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Fall Creek Place, IN
How long does it take to sell a home in Fall Creek Place, IN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 5 Days | -78.3% |
Summary: Homes in Fall Creek Place had an average of 5 days on market in Apr 2024, down by 78.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fall Creek Place are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Fall Creek Place; 100% 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.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.