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 March 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

$366,875

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$13,115(-3.5%)

Key Takeaway

Homes in McCordsville have sold for 3.5% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$190K
N/A
2 $295.9K$407.5K
+37.7%
3 $320K$340K
+6.3%
4 $403K$375K
-6.9%
5+ $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
+4.9%
Vernon Township
+4.6%
Lawrence
+2.5%
Fall Creek Township
+0.9%
McCordsville
-3.5%

Housing Supply in McCordsville, IN

How many homes are available in McCordsville, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6981+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

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 23
+50.0%
3 3640
+11.1%
4 2431
+29.2%
5+ 67
+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 2024Mar 2024CHANGE
1618+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McCordsville, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
109 Days36 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in McCordsville has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in McCordsville, IN

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