Is Hendricks County, 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, Hendricks County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.5K | $95K | -31.9% |
2 Bedrooms | $230K | $240K | +4.3% |
3 Bedrooms | $280K | $289.8K | +3.5% |
4 Bedrooms | $379.9K | $382.7K | +0.7% |
5+ Bedrooms | $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 | $200.9K | $241.6K | +20.3% |
Morgan County | $264.9K | $270.3K | +2.0% |
Hendricks County | $319.3K | $324.9K | +1.7% |
Marion County | $234.9K | $235.7K | 0.3% |
Boone County | $386.8K | $375.9K | -2.8% |
Housing Supply in Hendricks County, IN
How many homes are available in Hendricks County, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
473 | 505 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 48 | 48 | 0.0% |
3 Bedrooms | 201 | 220 | +9.5% |
4 Bedrooms | 162 | 174 | +7.4% |
5+ Bedrooms | 60 | 61 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 153 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 35 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
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.