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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paragon is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Paragon, IN

How much do homes in Paragon, IN cost?

Median Sold Price

$274,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$129,000(+89.0%)

Key Takeaway

Homes in Paragon have sold for 89% more than they did a year ago.

Summary: The median home sold price in Paragon was $274,000 in April 2024, up 89% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$252.5K
N/A
2 $120K$421.5K
+251.3%
3 $149.5K$257.9K
+72.5%
4 $169K$217.5K
+28.7%
5+ $245K$625K
+155.1%

Summary: Paragon 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 251.3%, 3 bedroom homes increased by 72.5%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 155.1%.

Median Sold Price Compared To Nearby Cities

Paragon
+89.0%
Ray Township
+42.4%

Housing Supply in Paragon, IN

How many homes are available in Paragon, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
86-25.0%

Summary: The Paragon real estate market had 6 homes for sale in April 2024, a 25.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 00
0.0%
5+ 11
0.0%

Summary: The Paragon 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paragon, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Paragon in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Paragon, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days79 Days+3875.0%

Summary: Homes in Paragon had an average of 79 days on market in Apr 2024, up by 3875% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Paragon; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 7 Days Ago

Newest Listings in Paragon, IN

Nearby Markets to Paragon, IN