Is McCordsville, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$366,875
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in McCordsville was $366,875 in March 2024, down 3.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $190K | N/A |
2 Bedrooms | $295.9K | $407.5K | +37.7% |
3 Bedrooms | $320K | $340K | +6.3% |
4 Bedrooms | $403K | $375K | -6.9% |
5+ Bedrooms | $465K | $465K | 0% |
Summary: McCordsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lawrence Township | $257.2K | $269.9K | +4.9% |
Vernon Township | $349.9K | $365.9K | +4.6% |
Lawrence | $253.6K | $260K | +2.5% |
Fall Creek Township | $427.4K | $431.2K | +0.9% |
McCordsville | $379.9K | $366.8K | -3.5% |
Housing Supply in McCordsville, IN
How many homes are available in McCordsville, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 81 | +17.4% |
Summary: The McCordsville real estate market had 81 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 36 | 40 | +11.1% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The McCordsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in McCordsville in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 39% were sold at asking, and 6% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
109 Days | 36 Days | -67.3% |
Summary: Homes in McCordsville had an average of 36 days on market in Mar 2024, down by 67.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in McCordsville; 39% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.