Is Mitchell, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mitchell was a Buyer's Market.
Housing Prices in Mitchell, IN
How much do homes in Mitchell, IN cost?
Median Sold Price
$185,000
$120/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Mitchell was $185,000 in March 2024, down 36.4% from last month, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $40K | N/A |
3 Bedrooms | $290.9K | $185K | -36.4% |
4 Bedrooms | - | $210K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Mitchell housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 36.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mitchell, IN
How many homes are available in Mitchell, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Summary: The Mitchell real estate market had 13 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mitchell housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mitchell in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Mitchell, IN
How long does it take to sell a home in Mitchell, IN?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 16 Days | -78.9% |
Summary: Homes in Mitchell had an average of 16 days on market in Mar 2024, down by 78.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Mitchell; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.