Is Terre Haute, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Terre Haute has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $39.9K | $70.1K | +75.5% |
2 Bedrooms | $89.9K | $83K | -7.7% |
3 Bedrooms | $132.9K | $145.3K | +9.4% |
4 Bedrooms | $193K | $262.4K | +36.0% |
5+ Bedrooms | - | $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 | $228K | $285K | +25.0% |
Terre Haute | $114.9K | $130.8K | +13.9% |
Harrison Township | $104.7K | $99.9K | -4.5% |
Housing Supply in Terre Haute, IN
How many homes are available in Terre Haute, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 95 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 32 | 29 | -9.4% |
3 Bedrooms | 36 | 40 | +11.1% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 6 | 6 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 22 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 69 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
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.