Is Ripley 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, Ripley County has remained a Seller's Market.
Housing Prices in Ripley County, IN
How much do homes in Ripley County, IN cost?
Median Sold Price
$293,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ripley County was $293,000 in April 2024, down 2.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $173.9K | $200K | +15.0% |
3 Bedrooms | $270K | $259K | -4.1% |
4 Bedrooms | $364.5K | $342.5K | -6.0% |
5+ Bedrooms | $402.5K | $345K | -14.3% |
Summary: Ripley County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Counties
Decatur County | $191.3K | $204K | +6.6% |
Ripley County | $300K | $293K | -2.3% |
Housing Supply in Ripley County, IN
How many homes are available in Ripley County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 22 | -12.0% |
Summary: The Ripley County real estate market had 22 homes for sale in April 2024, a 12.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ripley County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Ripley County in April 2024, the same as the previous month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Ripley County, IN
How long does it take to sell a home in Ripley County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 36 Days | -36.8% |
Summary: Homes in Ripley County had an average of 36 days on market in Apr 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Ripley County; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.