Is Princes Lakes, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Princes Lakes is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Princes Lakes was a Seller's Market.

Key Takeaway

Princes Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Princes Lakes, IN

How much do homes in Princes Lakes, IN cost?

Median Sold Price

$270,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$33,000(+13.9%)

Key Takeaway

Homes in Princes Lakes have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Princes Lakes was $270,000 in April 2024, up 13.9% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $250K$210K
-16.0%
2 $184.5K$243K
+31.7%
3 $246.5K$280K
+13.6%
4 $289.9K$339.5K
+17.1%
5+ $380K-
N/A

Summary: Princes Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 31.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Nineveh Township
+26.3%
Princes Lakes
+13.9%
Nineveh
+4.8%
Hamblen Township
-1.1%

Housing Supply in Princes Lakes, IN

How many homes are available in Princes Lakes, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1014+40.0%

Summary: The Princes Lakes real estate market had 14 homes for sale in April 2024, a 40.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 26
+200.0%
3 55
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Princes Lakes 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 increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Princes Lakes, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Princes Lakes in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Princes Lakes, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days54 Days+145.5%

Summary: Homes in Princes Lakes had an average of 54 days on market in Apr 2024, up by 145.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Princes Lakes has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Princes Lakes; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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

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