Is West Terre Haute, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Terre Haute is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, West Terre Haute was a Buyer's Market.

Key Takeaway

West Terre Haute is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Terre Haute, IN

How much do homes in West Terre Haute, IN cost?

Median Sold Price

$195,000

$63/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$97,000(+99.0%)

Key Takeaway

Homes in West Terre Haute have sold for 99% more than they did a month ago.

Summary: The median home sold price in West Terre Haute was $195,000 in April 2024, up 99% from last month, and the median price per square foot was $63.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 $98K$28K
-71.4%
2 --
N/A
3 -$306.5K
N/A
4 --
N/A
5+ --
N/A

Summary: West Terre Haute housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 71.4%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in West Terre Haute, IN

How many homes are available in West Terre Haute, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
98-11.1%

Summary: The West Terre Haute real estate market had 8 homes for sale in April 2024, a 11.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 12
+100.0%
3 54
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The West Terre Haute housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Terre Haute, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Terre Haute in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Terre Haute, IN

How long does it take to sell a home in West Terre Haute, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
77 Days85 Days+10.4%

Summary: Homes in West Terre Haute had an average of 85 days on market in Apr 2024, up by 10.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Terre Haute has remained consistent over time.

Summary: During April 2024, 3 homes were sold in West Terre Haute; 0% of homes were sold within 30 days, 67% 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 3 Days Ago

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