Is Hamilton County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamilton County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Hamilton County, IN

How much do homes in Hamilton County, IN cost?

Median Sold Price

$415,645

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,703(+5.0%)

Key Takeaway

Homes in Hamilton County have sold for 5% more than they did a year ago.

Summary: The median home sold price in Hamilton County was $415,645 in March 2024, up 5% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $192.1K$183.2K
-4.6%
2 $275K$310K
+12.7%
3 $329.6K$349.9K
+6.2%
4 $445.2K$460.6K
+3.5%
5+ $660.8K$680K
+2.9%

Summary: Hamilton County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Counties

Madison County
+10.9%
Tipton County
+5.4%
Hamilton County
+5.0%
Hancock County
+0.6%
Marion County
0.3%

Housing Supply in Hamilton County, IN

How many homes are available in Hamilton County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,1371,246+9.6%

Summary: The Hamilton County real estate market had 1,246 homes for sale in March 2024, a 9.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 66
0.0%
2 163186
+14.1%
3 453480
+6.0%
4 342379
+10.8%
5+ 173195
+12.7%

Summary: The Hamilton County 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 increased by 14.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 12.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
304368+21.1%

Asking Price vs. Sold Price

192 Homes Were Sold
Under Asking

83 Homes Were Sold
At Asking

93 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamilton County, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 368 homes were sold or pending in Hamilton County in March 2024, up by 21.1% month-over-month. Of the 368 sold homes, 52% were sold under asking, 23% were sold at asking, and 25% were sold over asking.

Days on Market for Hamilton County, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days37 Days-1.6%

Summary: Homes in Hamilton County had an average of 37 days on market in Mar 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

245 Homes Were Sold
Under 30 Days

71 Homes Were Sold
In 30 - 90 Days

52 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 368 homes were sold in Hamilton County; 67% of homes were sold within 30 days, 19% 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 24 Days Ago

Newest Listings in Hamilton County, IN

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