Is I-65 / South Emerson, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing I-65 / South Emerson is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, I-65 / South Emerson has remained a Seller's Market.

Key Takeaway

I-65 / South Emerson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$5,500(+2.3%)

Key Takeaway

Homes in I-65 / South Emerson have sold for 2.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $234.5K-
N/A
2 $183K$199K
+8.7%
3 $220.7K$246.7K
+11.8%
4 $295K$281.4K
-4.6%
5+ $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 2024May 2024CHANGE
6365+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1215
+25.0%
3 3737
0.0%
4 1311
-15.4%
5+ 12
+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 2024May 2024CHANGE
1526+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in I-65 / South Emerson, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.

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 2023May 2024CHANGE
27 Days24 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in I-65 / South Emerson are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

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