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 March 2023

At the same time last year, 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

$123,500

$68/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$18,000(-12.7%)

Key Takeaway

Homes in Randolph County have sold for 12.7% less than they did a year ago.

Summary: The median home sold price in Randolph County was $123,500 in March 2024, down 12.7% from last year, and the median price per square foot was $68.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $71.5K$52.5K
-26.6%
3 $149K$136.5K
-8.4%
4 $198.9K$130.4K
-34.4%
5+ $189.4K$291.5K
+53.8%

Summary: Randolph County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.6%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes increased by 53.8%.

Median Sold Price Compared To Nearby Counties

Darke County
+4.6%
Delaware County
+1.3%
Randolph County
-12.7%

Housing Supply in Randolph County, IN

How many homes are available in Randolph County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1936+89.5%

Summary: The Randolph County real estate market had 36 homes for sale in March 2024, a 89.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 26
+200.0%
3 1323
+76.9%
4 46
+50.0%
5+ 01
+100.0%

Summary: The Randolph County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 76.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Randolph County in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Mar 2023Mar 2024CHANGE
153 Days52 Days-65.8%

Summary: Homes in Randolph County had an average of 52 days on market in Mar 2024, down by 65.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During March 2024, 4 homes were sold in Randolph County; 25% of homes were sold within 30 days, 25% 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 22 Days Ago

Newest Listings in Randolph County, IN

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