Is Nineveh, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nineveh is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Nineveh, IN

How much do homes in Nineveh, IN cost?

Median Sold Price

$318,500

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$36,500(-10.3%)

Key Takeaway

Homes in Nineveh have sold for 10.3% less than they did a year ago.

Summary: The median home sold price in Nineveh was $318,500 in May 2024, down 10.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $470K$250K
-46.8%
2 $340K$347.2K
+2.1%
3 $295K$290K
-1.7%
4 $389.9K$1.0M
+175.7%
5+ $380K-
N/A

Summary: Nineveh housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.8%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 175.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Princes Lakes
+17.0%
Nineveh Township
+16.9%
Hamblen Township
-8.0%
Nineveh
-10.3%

Housing Supply in Nineveh, IN

How many homes are available in Nineveh, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5251-1.9%

Summary: The Nineveh real estate market had 51 homes for sale in May 2024, a 1.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2823
-17.9%
3 2023
+15.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Nineveh housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nineveh, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Nineveh in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for Nineveh, IN

How long does it take to sell a home in Nineveh, IN?

Average Sale Time

May 2023May 2024CHANGE
15 Days47 Days+201.7%

Summary: Homes in Nineveh had an average of 47 days on market in May 2024, up by 201.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 11 homes were sold in Nineveh; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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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