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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jennings County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Jennings County, IN

How much do homes in Jennings County, IN cost?

Median Sold Price

$185,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+5.7%)

Key Takeaway

Homes in Jennings County have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Jennings County was $185,000 in March 2024, up 5.7% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $30K$78K
+160.0%
2 $109.2K$110K
+0.7%
3 $176.2K$195K
+10.6%
4 $232.5K$200K
-14.0%
5+ $314.4K$442.5K
+40.7%

Summary: Jennings County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 160%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Counties

Jennings County
+5.7%
Bartholomew County
+4.3%
Jackson County
+2.3%

Housing Supply in Jennings County, IN

How many homes are available in Jennings County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4965+32.7%

Summary: The Jennings County real estate market had 65 homes for sale in March 2024, a 32.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1213
+8.3%
3 2738
+40.7%
4 1013
+30.0%
5+ 00
0.0%

Summary: The Jennings County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 40.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
512+140.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jennings County, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Jennings County in March 2024, up by 140.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Jennings County, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
33 Days60 Days+80.1%

Summary: Homes in Jennings County had an average of 60 days on market in Mar 2024, up by 80.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 12 homes were sold in Jennings County; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

Newest Listings in Jennings County, IN

Nearby Markets to Jennings County, IN

What housing markets are near Jennings County, IN?