Is I-65 / South Emerson, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing I-65 / South Emerson is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, I-65 / South Emerson has remained a Seller's Market.

Key Takeaway

I-65 / South Emerson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in I-65 / South Emerson, IN

How much do homes in I-65 / South Emerson, IN cost?

Median Sold Price

$245,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,500(+2.7%)

Key Takeaway

Homes in I-65 / South Emerson have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in I-65 / South Emerson was $245,000 in April 2024, up 2.7% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $234.5K-
N/A
2 $175K$199K
+13.7%
3 $225.5K$236.2K
+4.8%
4 $295K$289.4K
-1.9%
5+ $379.9K$390K
+2.6%

Summary: I-65 / South Emerson 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 13.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 2.6%.

Housing Supply in I-65 / South Emerson, IN

How many homes are available in I-65 / South Emerson, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5867+15.5%

Summary: The I-65 / South Emerson real estate market had 67 homes for sale in April 2024, a 15.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1212
0.0%
3 3238
+18.8%
4 1316
+23.1%
5+ 11
0.0%

Summary: The I-65 / South Emerson 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 increased by 18.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
15150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in I-65 / South Emerson, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in I-65 / South Emerson in April 2024, the same as the previous month. Of the 15 sold homes, 20% were sold under asking, 47% were sold at asking, and 33% were sold over asking.

Days on Market for I-65 / South Emerson, IN

How long does it take to sell a home in I-65 / South Emerson, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
9 Days12 Days+32.6%

Summary: Homes in I-65 / South Emerson had an average of 12 days on market in Apr 2024, up by 32.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in I-65 / South Emerson are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 15 homes were sold in I-65 / South Emerson; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 14 Days Ago

Newest Listings in I-65 / South Emerson, IN

Nearby Markets to I-65 / South Emerson, IN