Is Parke County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parke County is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Parke County was a Neutral Market.

Key Takeaway

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

Housing Prices in Parke County, IN

How much do homes in Parke County, IN cost?

Median Sold Price

$159,500

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,600(+10.1%)

Key Takeaway

Homes in Parke County have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Parke County was $159,500 in March 2024, up 10.1% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $67.4K$80.2K
+19.1%
2 $89K$134K
+50.6%
3 $165K$158K
-4.2%
4 $309.2K$257.5K
-16.7%
5+ $125K$460K
+268.0%

Summary: Parke County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 50.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 268%.

Median Sold Price Compared To Nearby Counties

Putnam County
+20.3%
Vermillion County
+11.0%
Parke County
+10.1%
Vigo County
-5.8%
Fountain County
-5.8%

Housing Supply in Parke County, IN

How many homes are available in Parke County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3034+13.3%

Summary: The Parke County real estate market had 34 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 68
+33.3%
3 1014
+40.0%
4 86
-25.0%
5+ 54
-20.0%

Summary: The Parke County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parke County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Parke County in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Parke County, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
145 Days50 Days-65.6%

Summary: Homes in Parke County had an average of 50 days on market in Mar 2024, down by 65.6% compared to last year.

Breakdown of Home Sale Times

3 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

Many homes in Parke County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Parke County; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 Parke County, IN

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