Is Hendricks County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hendricks County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Hendricks County has remained a Seller's Market.

Key Takeaway

Hendricks County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$9,242(+2.9%)

Key Takeaway

Homes in Hendricks County have sold for 2.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $139.5K$95K
-31.9%
2 $235K$243.5K
+3.6%
3 $280K$290K
+3.6%
4 $380K$385K
+1.3%
5+ $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
+18.7%
Morgan County
+4.0%
Hendricks County
+2.9%
Marion County
+1.9%
Boone County
-1.1%

Housing Supply in Hendricks County, IN

How many homes are available in Hendricks County, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
537549+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

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 4857
+18.8%
3 238239
0.4%
4 184178
-3.3%
5+ 6574
+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 2024Apr 2024CHANGE
161165+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hendricks County, you may be able to get a good deal. 53.9% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
39 Days30 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hendricks County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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