Is Valley Mills, 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, Valley Mills has remained a Seller's Market.
Key Takeaway
Valley Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley Mills, IN
How much do homes in Valley Mills, IN cost?
Median Sold Price
$235,000
$151/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Valley Mills has remained the same since last year.
Summary: The median home sold price in Valley Mills was $235,000 in March 2024, the same as last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $204.9K | +5.1% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $260K | $270K | +3.8% |
| 5+ Bedrooms | $272K | $255K | -6.3% |
Summary: Valley Mills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Neighborhoods
| River Run | $214K | $225K | +5.1% |
| Old Mill Park | $200K | $205K | +2.5% |
| Valley Mills | $235K | $235K | 0.0% |
Housing Supply in Valley Mills, IN
How many homes are available in Valley Mills, IN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 37 | -27.5% |
Summary: The Valley Mills real estate market had 37 homes for sale in March 2024, a 27.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 30 | 24 | -20.0% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Valley Mills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley Mills, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Valley Mills in March 2024, down by 38.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Valley Mills, IN
How long does it take to sell a home in Valley Mills, IN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | -0.8% |
Summary: Homes in Valley Mills had an average of 35 days on market in Mar 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valley Mills are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Valley Mills; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.