Is I-65 / South Emerson, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, I-65 / South Emerson has remained a Seller's Market.
Housing Prices in I-65 / South Emerson, IN
How much do homes in I-65 / South Emerson, IN cost?
Median Sold Price
$245,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in I-65 / South Emerson was $245,000 in May 2024, up 2.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $234.5K | - | N/A |
2 Bedrooms | $183K | $199K | +8.7% |
3 Bedrooms | $220.7K | $246.7K | +11.8% |
4 Bedrooms | $295K | $281.4K | -4.6% |
5+ Bedrooms | $390.3K | $385K | -1.4% |
Summary: I-65 / South Emerson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in I-65 / South Emerson, IN
How many homes are available in I-65 / South Emerson, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 65 | +3.2% |
Summary: The I-65 / South Emerson real estate market had 65 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The I-65 / South Emerson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 26 | +73.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in I-65 / South Emerson in May 2024, up by 73.3% month-over-month. Of the 26 sold homes, 38% were sold under asking, 54% were sold at asking, and 8% were sold over asking.
Days on Market for I-65 / South Emerson, IN
How long does it take to sell a home in I-65 / South Emerson, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 24 Days | -9.0% |
Summary: Homes in I-65 / South Emerson had an average of 24 days on market in May 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in I-65 / South Emerson; 81% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.