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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Randolph County is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Randolph County was a Seller's Market.

Key Takeaway

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

Housing Prices in Randolph County, IN

How much do homes in Randolph County, IN cost?

Median Sold Price

$155,000

$114/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

+$35,000(+29.2%)

Key Takeaway

Homes in Randolph County have sold for 29.2% more than they did a month ago.

Summary: The median home sold price in Randolph County was $155,000 in June 2024, up 29.2% from last month, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 -$97K
N/A
3 $96.2K$202.5K
+110.4%
4 --
N/A
5+ $120K-
N/A

Summary: Randolph County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 110.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Jay County
+66.7%
Randolph County
+29.2%
Wayne County
-33.6%

Housing Supply in Randolph County, IN

How many homes are available in Randolph County, IN?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2326+13.0%

Summary: The Randolph County real estate market had 26 homes for sale in June 2024, a 13.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1212
0.0%
4 36
+100.0%
5+ 12
+100.0%

Summary: The Randolph County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

May 2024Jun 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were 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 Randolph County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Randolph County in June 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Randolph County, IN

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

Average Sale Time

May 2024Jun 2024CHANGE
48 Days45 Days-7.2%

Summary: Homes in Randolph County had an average of 45 days on market in Jun 2024, down by 7.2% compared to last month.

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 Randolph County has remained consistent over time.

Summary: During June 2024, 3 homes were sold in Randolph County; 0% of homes were sold within 30 days, 33% 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 26 Days Ago

Newest Listings in Randolph County, IN

Nearby Markets to Randolph County, IN

What housing markets are near Randolph County, IN?