Is Terre Haute, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terre Haute is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Terre Haute has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Terre Haute, IN

How much do homes in Terre Haute, IN cost?

Median Sold Price

$130,858

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,958(+13.9%)

Key Takeaway

Homes in Terre Haute have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Terre Haute was $130,858 in March 2024, up 13.9% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $39.9K$70.1K
+75.5%
2 $89.9K$83K
-7.7%
3 $132.9K$145.3K
+9.4%
4 $193K$262.4K
+36.0%
5+ -$315K
N/A

Summary: Terre Haute housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.5%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 36%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lost Creek Township
+25.0%
Terre Haute
+13.9%
Harrison Township
-4.5%

Housing Supply in Terre Haute, IN

How many homes are available in Terre Haute, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9195+4.4%

Summary: The Terre Haute real estate market had 95 homes for sale in March 2024, a 4.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 3229
-9.4%
3 3640
+11.1%
4 1520
+33.3%
5+ 66
0.0%

Summary: The Terre Haute housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2022+10.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Terre Haute, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Terre Haute in March 2024, up by 10.0% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Terre Haute, IN

How long does it take to sell a home in Terre Haute, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
43 Days69 Days+61.6%

Summary: Homes in Terre Haute had an average of 69 days on market in Mar 2024, up by 61.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 22 homes were sold in Terre Haute; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 23 Days Ago

Newest Listings in Terre Haute, IN

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