Is Chapel Hill / Ben Davis, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chapel Hill / Ben Davis is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Chapel Hill / Ben Davis has remained a Seller's Market.

Key Takeaway

Chapel Hill / Ben Davis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chapel Hill / Ben Davis, IN

How much do homes in Chapel Hill / Ben Davis, IN cost?

Median Sold Price

$235,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+2.2%)

Key Takeaway

Homes in Chapel Hill / Ben Davis have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Chapel Hill / Ben Davis was $235,000 in April 2024, up 2.2% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $225K-
N/A
2 $175K$190K
+8.6%
3 $227K$230K
+1.3%
4 $251.2K$262.5K
+4.5%
5+ $362.5K$370K
+2.1%

Summary: Chapel Hill / Ben Davis 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 8.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2.1%.

Housing Supply in Chapel Hill / Ben Davis, IN

How many homes are available in Chapel Hill / Ben Davis, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7867-14.1%

Summary: The Chapel Hill / Ben Davis real estate market had 67 homes for sale in April 2024, a 14.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 116
-45.5%
3 4239
-7.1%
4 2116
-23.8%
5+ 46
+50.0%

Summary: The Chapel Hill / Ben Davis 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 decreased by 45.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3419-44.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chapel Hill / Ben Davis, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Chapel Hill / Ben Davis in April 2024, down by 44.1% month-over-month. Of the 19 sold homes, 63% were sold under asking, 5% were sold at asking, and 32% were sold over asking.

Days on Market for Chapel Hill / Ben Davis, IN

How long does it take to sell a home in Chapel Hill / Ben Davis, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
28 Days25 Days-10.5%

Summary: Homes in Chapel Hill / Ben Davis had an average of 25 days on market in Apr 2024, down by 10.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chapel Hill / Ben Davis are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 19 homes were sold in Chapel Hill / Ben Davis; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% 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 18 Days Ago

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