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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pendleton is a seller's market

Buyer's
Market

Difference Since October 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

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+3.0%)

Key Takeaway

Homes in Pendleton have sold for 3% more than they did a year ago.

Summary: The median home sold price in Pendleton was $340,000 in October 2024, up 3% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$1.4M
N/A
2 $237.5K$225K
-5.3%
3 $289.9K$300K
+3.5%
4 $350K$350.5K
0.2%
5+ $404.9K$385K
-4.9%

Summary: Pendleton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Cities

Green Township
+11.3%
Pendleton
+3.0%
Fall Creek Township
+2.3%
Anderson
+0.6%

Housing Supply in Pendleton, IN

How many homes are available in Pendleton, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9199+8.8%

Summary: The Pendleton real estate market had 99 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 4353
+23.3%
4 3330
-9.1%
5+ 1110
-9.1%

Summary: The Pendleton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2023+15.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pendleton, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Pendleton in October 2024, up by 15.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
32 Days32 Days+1.0%

Summary: Homes in Pendleton had an average of 32 days on market in Oct 2024, up by 1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 23 homes were sold in Pendleton; 65% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

Newest Listings in Pendleton, IN

Nearby Markets to Pendleton, IN

What housing markets are near Pendleton, IN?