Is Trafalgar, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trafalgar is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Trafalgar was a Seller's Market.

Key Takeaway

Trafalgar is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Trafalgar, IN

How much do homes in Trafalgar, IN cost?

Median Sold Price

$300,000

$141/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$125,000(-29.4%)

Key Takeaway

Homes in Trafalgar have sold for 29.4% less than they did a month ago.

Summary: The median home sold price in Trafalgar was $300,000 in March 2024, down 29.4% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $347.5K$290.7K
-16.3%
4 -$300K
N/A
5+ $1.2M-
N/A

Summary: Trafalgar housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Trafalgar, IN

How many homes are available in Trafalgar, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1519+26.7%

Summary: The Trafalgar real estate market had 19 homes for sale in March 2024, a 26.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 02
+100.0%
3 1011
+10.0%
4 34
+33.3%
5+ 21
-50.0%

Summary: The Trafalgar housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trafalgar, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Trafalgar in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Trafalgar, IN

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

Average Sale Time

Feb 2024Mar 2024CHANGE
87 Days63 Days-27.8%

Summary: Homes in Trafalgar had an average of 63 days on market in Mar 2024, down by 27.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Trafalgar; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 24 Days Ago

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