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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vigo County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Vigo County was a Seller's Market.

Key Takeaway

Vigo County 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 Vigo County, IN

How much do homes in Vigo County, IN cost?

Median Sold Price

$142,750

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,037(+14.5%)

Key Takeaway

Homes in Vigo County have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Vigo County was $142,750 in November 2024, up 14.5% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$67.2K
+22.3%
2 $80K$106K
+32.5%
3 $135K$169.4K
+25.5%
4 $229.2K$274.4K
+19.7%
5+ $315K$185K
-41.3%

Summary: Vigo County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 41.3%.

Median Sold Price Compared To Nearby Counties

Parke County
+14.6%
Vigo County
+14.5%
Clark County
+14.0%
Clay County
-6.5%

Housing Supply in Vigo County, IN

How many homes are available in Vigo County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
108106-1.9%

Summary: The Vigo County real estate market had 106 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 3229
-9.4%
3 4146
+12.2%
4 2926
-10.3%
5+ 43
-25.0%

Summary: The Vigo County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2317-26.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vigo County, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Vigo County in November 2024, down by 26.1% month-over-month. Of the 17 sold homes, 47% were sold under asking, 41% were sold at asking, and 12% were sold over asking.

Days on Market for Vigo County, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days21 Days-30.6%

Summary: Homes in Vigo County had an average of 21 days on market in Nov 2024, down by 30.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 17 homes were sold in Vigo County; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

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