Is McCordsville, 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, McCordsville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $190K | N/A |
2 Bedrooms | $295.9K | $365K | +23.4% |
3 Bedrooms | $327.4K | $340K | +3.8% |
4 Bedrooms | $403K | $375K | -6.9% |
5+ Bedrooms | $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 | $255.9K | $272.7K | +6.6% |
Vernon Township | $349.3K | $366.1K | +4.8% |
Lawrence | $254.8K | $262K | +2.8% |
Fall Creek Township | $431.4K | $431.9K | 0.1% |
McCordsville | $379.9K | $365K | -3.9% |
Housing Supply in McCordsville, IN
How many homes are available in McCordsville, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 80 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 41 | 41 | 0.0% |
4 Bedrooms | 32 | 27 | -15.6% |
5+ Bedrooms | 7 | 8 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 23 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
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
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.