Is Pendleton, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pendleton has remained a Seller's Market.
Key Takeaway
Pendleton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pendleton, IN
How much do homes in Pendleton, IN cost?
Median Sold Price
$340,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pendleton have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Pendleton was $340,000 in April 2024, up 9.1% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $188.5K | $274.9K | +45.8% |
| 3 Bedrooms | $280K | $297.4K | +6.2% |
| 4 Bedrooms | $349.9K | $349.9K | 0.0% |
| 5+ Bedrooms | $397.5K | $389K | -2.1% |
Summary: Pendleton 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 45.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Anderson | $130K | $159K | +22.3% |
| Green Township | $263K | $315K | +19.8% |
| Fall Creek Township | $286.1K | $330K | +15.3% |
| Pendleton | $311.5K | $340K | +9.1% |
| Stony Creek Township | $198.5K | $212K | +6.8% |
Housing Supply in Pendleton, IN
How many homes are available in Pendleton, IN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 80 | -10.1% |
Summary: The Pendleton real estate market had 80 homes for sale in April 2024, a 10.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 40 | 38 | -5.0% |
| 4 Bedrooms | 29 | 23 | -20.7% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Pendleton 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 5%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 23 | -34.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pendleton, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Pendleton in April 2024, down by 34.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 30% were sold at asking, and 9% were sold over asking.
Days on Market for Pendleton, IN
How long does it take to sell a home in Pendleton, IN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 50 Days | +85.2% |
Summary: Homes in Pendleton had an average of 50 days on market in Apr 2024, up by 85.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pendleton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Pendleton; 65% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.