Is Herron-Morton Place, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Herron-Morton Place has remained a Seller's Market.
Housing Prices in Herron-Morton Place, IN
How much do homes in Herron-Morton Place, IN cost?
Median Sold Price
$429,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Herron-Morton Place was $429,000 in April 2024, down 8.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $349.9K | $399.9K | +14.3% |
3 Bedrooms | $461.2K | $505K | +9.5% |
4 Bedrooms | $675K | $400K | -40.7% |
5+ Bedrooms | $826.8K | $782.4K | -5.4% |
Summary: Herron-Morton Place 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 increased by 14.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 40.7%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
Lincoln Park | $415K | $447.5K | +7.8% |
Fall Creek Place | $427.5K | $457.5K | +7.0% |
Near Northside | $421K | $410K | -2.6% |
Herron-Morton Place | $470K | $429K | -8.7% |
Housing Supply in Herron-Morton Place, IN
How many homes are available in Herron-Morton Place, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Herron-Morton Place real estate market had 21 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Herron-Morton Place 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Herron-Morton Place in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Herron-Morton Place, IN
How long does it take to sell a home in Herron-Morton Place, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 109 Days | +4.5% |
Summary: Homes in Herron-Morton Place had an average of 109 days on market in Apr 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Herron-Morton Place; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.