Is Hendricks County, 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, Hendricks County has remained a Seller's Market.
Housing Prices in Hendricks County, IN
How much do homes in Hendricks County, IN cost?
Median Sold Price
$328,683
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hendricks County was $328,683 in April 2024, up 2.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.5K | $95K | -31.9% |
2 Bedrooms | $235K | $243.5K | +3.6% |
3 Bedrooms | $280K | $290K | +3.6% |
4 Bedrooms | $380K | $385K | +1.3% |
5+ Bedrooms | $450K | $459.9K | +2.2% |
Summary: Hendricks County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Counties
Putnam County | $206.3K | $244.9K | +18.7% |
Morgan County | $264.2K | $274.8K | +4.0% |
Hendricks County | $319.4K | $328.6K | +2.9% |
Marion County | $234.8K | $239.3K | +1.9% |
Boone County | $380K | $375.9K | -1.1% |
Housing Supply in Hendricks County, IN
How many homes are available in Hendricks County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
537 | 549 | +2.2% |
Summary: The Hendricks County real estate market had 549 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 48 | 57 | +18.8% |
3 Bedrooms | 238 | 239 | 0.4% |
4 Bedrooms | 184 | 178 | -3.3% |
5+ Bedrooms | 65 | 74 | +13.8% |
Summary: The Hendricks County 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 18.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
161 | 165 | +2.5% |
Asking Price vs. Sold Price
89 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 165 homes were sold or pending in Hendricks County in April 2024, up by 2.5% month-over-month. Of the 165 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Hendricks County, IN
How long does it take to sell a home in Hendricks County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 30 Days | -23.1% |
Summary: Homes in Hendricks County had an average of 30 days on market in Apr 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 165 homes were sold in Hendricks County; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.