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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Steuben County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Steuben County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Steuben County, IN cost?

Median Sold Price

$275,000

$145/sqft

Based on all homes sold in April 2023.

Difference Since Last Month

-$87,687(-24.2%)

Key Takeaway

Homes in Steuben County have sold for 24.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Apr 2023%
1 -$87K
N/A
2 $145.9K$301K
+106.3%
3 $322.4K$278.7K
-13.6%
4 $550K$380.5K
-30.8%
5+ -$185K
N/A

Median Sold Price Compared To Nearby Counties

DeKalb County
+14.6%
LaGrange County
-14.5%
Steuben County
-24.2%

How many homes are available in Steuben County, IN?

Number of Homes For Sale

Mar 2023Apr 2023%
7093+32.9%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 12
+100.0%
2 614
+133.3%
3 4153
+29.3%
4 1819
+5.6%
5+ 45
+25.0%

Number of Homes Sold

Mar 2023Apr 2023%
1224+100.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Steuben County, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Steuben County, IN

Number of homes for sale in Steuben County, IN real estate market have reached 93. The number of listings in Steuben County, IN increased by 32.9% between March 2023 and April 2023. Listing prices have changed in this real estate market between April 2022 and April 2023: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 106.3% more expensive, 3 bedrooms properties became 13.6% more cheaper, 4 bedrooms properties prices decreased by 30.8%, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: 1 bedroom homes inventory increased by 100%, volume of 2 bedrooms homes went up by 133.3%, number of 3 bedrooms homes increased by 29.3%, number of 4 bedrooms homes increased by 5.6%, 5 bedrooms homes inventory increased by 25%. Over 5 listings were sold over their listed price in April 2023 in Steuben County, IN. In the same period over 10 listings were sold below the listed price and 8 listings were sold for the listed price.

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