Is McCordsville, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McCordsville is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in McCordsville, IN

How much do homes in McCordsville, IN cost?

Median Sold Price

$365,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$14,990(-3.9%)

Key Takeaway

Homes in McCordsville have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in McCordsville was $365,000 in April 2024, down 3.9% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$190K
N/A
2 $295.9K$365K
+23.4%
3 $327.4K$340K
+3.8%
4 $403K$375K
-6.9%
5+ $450K$475K
+5.6%

Summary: McCordsville 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 23.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

Lawrence Township
+6.6%
Vernon Township
+4.8%
Lawrence
+2.8%
Fall Creek Township
0.1%
McCordsville
-3.9%

Housing Supply in McCordsville, IN

How many homes are available in McCordsville, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8380-3.6%

Summary: The McCordsville real estate market had 80 homes for sale in April 2024, a 3.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 4141
0.0%
4 3227
-15.6%
5+ 78
+14.3%

Summary: The McCordsville 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1823+27.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McCordsville, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in McCordsville in April 2024, up by 27.8% month-over-month. Of the 23 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% were sold over asking.

Days on Market for McCordsville, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
52 Days-324 Days-714.2%

Summary: Homes in McCordsville had an average of -324 days on market in Apr 2024, down by 714.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 23 homes were sold in McCordsville; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 1 Day Ago

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