Is Indiana, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Indiana was a Seller's Market.
Key Takeaway
Indiana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indiana, PA
How much do homes in Indiana, PA cost?
Median Sold Price
$173,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Indiana have sold for 31.1% more than they did a year ago.
Summary: The median home sold price in Indiana was $173,000 in March 2024, up 31.1% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $128K | +11.3% |
| 3 Bedrooms | $130K | $164K | +26.2% |
| 4 Bedrooms | $149.5K | $273.5K | +82.9% |
| 5+ Bedrooms | $160.5K | $210K | +30.8% |
Summary: Indiana 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 11.3%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 82.9%, and 5+ bedroom homes increased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Indiana | $132K | $173K | +31.1% |
| White Township | $203.5K | $229.9K | +13.0% |
Housing Supply in Indiana, PA
How many homes are available in Indiana, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 67 | +13.6% |
Summary: The Indiana real estate market had 67 homes for sale in March 2024, a 13.6% increase 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Indiana 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 remained the same, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indiana, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Indiana in March 2024, down by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Indiana, PA
How long does it take to sell a home in Indiana, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 41 Days | -44.8% |
Summary: Homes in Indiana had an average of 41 days on market in Mar 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
5 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 Indiana are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Indiana; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
