Is Fortville, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fortville has remained a Seller's Market.
Key Takeaway
Fortville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fortville, IN
How much do homes in Fortville, IN cost?
Median Sold Price
$374,990
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fortville have sold for 36.2% more than they did a year ago.
Summary: The median home sold price in Fortville was $374,990 in March 2024, up 36.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $139.9K | N/A |
| 2 Bedrooms | $172.5K | $206K | +19.4% |
| 3 Bedrooms | $265K | $300K | +13.2% |
| 4 Bedrooms | $349.9K | $405.5K | +15.9% |
| 5+ Bedrooms | $435K | $521.2K | +19.8% |
Summary: Fortville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Fortville | $275.2K | $374.9K | +36.2% |
| Green Township | $261.2K | $315K | +20.6% |
| Vernon Township | $349.9K | $365.9K | +4.6% |
| Fall Creek Township | $427.4K | $431.2K | +0.9% |
Housing Supply in Fortville, IN
How many homes are available in Fortville, IN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 38 | -9.5% |
Summary: The Fortville real estate market had 38 homes for sale in March 2024, a 9.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Fortville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 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 Fortville, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Fortville in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Fortville, IN
How long does it take to sell a home in Fortville, IN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 78 Days | 47 Days | -40.0% |
Summary: Homes in Fortville had an average of 47 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fortville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Fortville; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.