Is Bates Hendricks, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bates Hendricks has remained a Seller's Market.
Housing Prices in Bates Hendricks, IN
How much do homes in Bates Hendricks, IN cost?
Median Sold Price
$296,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bates Hendricks was $296,000 in April 2024, up 0.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155.5K | - | N/A |
2 Bedrooms | $176.2K | $202.4K | +14.8% |
3 Bedrooms | $310K | $296K | -4.5% |
4 Bedrooms | $365K | $360K | -1.4% |
5+ Bedrooms | $345K | $355K | +2.9% |
Summary: Bates Hendricks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
Near Southside | $235K | $252.5K | +7.4% |
Fountain Square | $282K | $298.5K | +5.9% |
Bates Hendricks | $294.5K | $296K | 0.5% |
South Park | $318.7K | $289K | -9.3% |
Housing Supply in Bates Hendricks, IN
How many homes are available in Bates Hendricks, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 52 | -1.9% |
Summary: The Bates Hendricks real estate market had 52 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 29 | 24 | -17.2% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bates Hendricks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Bates Hendricks in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 45% were sold under asking, 45% were sold at asking, and 9% were sold over asking.
Days on Market for Bates Hendricks, IN
How long does it take to sell a home in Bates Hendricks, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 43 Days | -15.2% |
Summary: Homes in Bates Hendricks had an average of 43 days on market in Apr 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Bates Hendricks; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.