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 seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Vigo County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Vigo County, IN

How much do homes in Vigo County, IN cost?

Median Sold Price

$124,633

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$7,614(-5.8%)

Key Takeaway

Homes in Vigo County have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in Vigo County was $124,633 in March 2024, down 5.8% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $39.9K$70.1K
+75.5%
2 $91.2K$81.4K
-10.7%
3 $147K$135K
-8.2%
4 $234.5K$252K
+7.5%
5+ $390K$315K
-19.2%

Summary: Vigo County 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 10.7%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 19.2%.

Median Sold Price Compared To Nearby Counties

Parke County
+10.1%
Clay County
-0.3%
Vigo County
-5.8%

Housing Supply in Vigo County, IN

How many homes are available in Vigo County, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
99104+5.1%

Summary: The Vigo County real estate market had 104 homes for sale in March 2024, a 5.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 42
-50.0%
2 3330
-9.1%
3 4045
+12.5%
4 1621
+31.3%
5+ 66
0.0%

Summary: The Vigo County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 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. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Vigo County in March 2024, up by 20.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% 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

Mar 2023Mar 2024CHANGE
45 Days66 Days+47.8%

Summary: Homes in Vigo County had an average of 66 days on market in Mar 2024, up by 47.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 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 March 2024, 24 homes were sold in Vigo County; 38% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 25% 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 15 Days Ago

Newest Listings in Vigo County, IN

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