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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hendricks County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Hendricks County, IN

How much do homes in Hendricks County, IN cost?

Median Sold Price

$324,968

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,569(+1.7%)

Key Takeaway

Homes in Hendricks County have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Hendricks County was $324,968 in March 2024, up 1.7% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $139.5K$95K
-31.9%
2 $230K$240K
+4.3%
3 $280K$289.8K
+3.5%
4 $379.9K$382.7K
+0.7%
5+ $449K$459.9K
+2.4%

Summary: Hendricks County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Counties

Putnam County
+20.3%
Morgan County
+2.0%
Hendricks County
+1.7%
Marion County
0.3%
Boone County
-2.8%

Housing Supply in Hendricks County, IN

How many homes are available in Hendricks County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
473505+6.8%

Summary: The Hendricks County real estate market had 505 homes for sale in March 2024, a 6.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 4848
0.0%
3 201220
+9.5%
4 162174
+7.4%
5+ 6061
+1.7%

Summary: The Hendricks 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 remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 1.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
129153+18.6%

Asking Price vs. Sold Price

83 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hendricks County, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in Hendricks County in March 2024, up by 18.6% month-over-month. Of the 153 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for Hendricks County, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days35 Days-8.8%

Summary: Homes in Hendricks County had an average of 35 days on market in Mar 2024, down by 8.8% compared to last year.

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

47 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 153 homes were sold in Hendricks County; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% 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 25 Days Ago

Newest Listings in Hendricks County, IN

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