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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Galludet is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Galludet has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Galludet, IN

How much do homes in Galludet, IN cost?

Median Sold Price

$295,250

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$4,748(-1.6%)

Key Takeaway

Homes in Galludet have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Galludet was $295,250 in April 2024, down 1.6% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $293K$270K
-7.8%
3 $272.6K$266K
-2.4%
4 $325K$325K
0.0%
5+ $435K$399.9K
-8.1%

Summary: Galludet 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 7.8%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Neighborhoods

Galludet
-1.6%
Waters Edge
-2.0%

Housing Supply in Galludet, IN

How many homes are available in Galludet, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6980+15.9%

Summary: The Galludet real estate market had 80 homes for sale in April 2024, a 15.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1616
0.0%
3 2025
+25.0%
4 2833
+17.9%
5+ 56
+20.0%

Summary: The Galludet 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Galludet, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Galludet in April 2024, up by 61.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 43% were sold at asking, and 10% were sold over asking.

Days on Market for Galludet, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
87 Days38 Days-55.4%

Summary: Homes in Galludet had an average of 38 days on market in Apr 2024, down by 55.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 21 homes were sold in Galludet; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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

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