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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rush County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Rush County has remained a Seller's Market.

Key Takeaway

Rush County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rush County, IN

How much do homes in Rush County, IN cost?

Median Sold Price

$150,000

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,000(-3.2%)

Key Takeaway

Homes in Rush County have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Rush County was $150,000 in April 2024, down 3.2% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $90.1K-
N/A
2 $105K$102.4K
-2.4%
3 $161K$165K
+2.5%
4 $177.2K$215K
+21.3%
5+ $247.5K$230K
-7.1%

Summary: Rush County 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 decreased by 2.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Counties

Decatur County
+6.6%
Shelby County
+2.5%
Hancock County
0.5%
Rush County
-3.2%

Housing Supply in Rush County, IN

How many homes are available in Rush County, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5450-7.4%

Summary: The Rush County real estate market had 50 homes for sale in April 2024, a 7.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 116
-45.5%
3 2728
+3.7%
4 1211
-8.3%
5+ 45
+25.0%

Summary: The Rush County 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 decreased by 45.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1418+28.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rush County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Rush County in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Rush County, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
97 Days65 Days-33.2%

Summary: Homes in Rush County had an average of 65 days on market in Apr 2024, down by 33.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 18 homes were sold in Rush County; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% 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 3 Days Ago

Newest Listings in Rush County, IN

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