Is Herron-Morton Place, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Herron-Morton Place is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Herron-Morton Place has remained a Seller's Market.

Key Takeaway

Herron-Morton Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$41,000(-8.7%)

Key Takeaway

Homes in Herron-Morton Place have sold for 8.7% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $349.9K$399.9K
+14.3%
3 $461.2K$505K
+9.5%
4 $675K$400K
-40.7%
5+ $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
+7.8%
Fall Creek Place
+7.0%
Near Northside
-2.6%
Herron-Morton Place
-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 2024Apr 2024CHANGE
21210.0%

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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 66
0.0%
3 66
0.0%
4 77
0.0%
5+ 22
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 2024Apr 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Herron-Morton Place, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
105 Days109 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Herron-Morton Place are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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