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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rushville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Rushville, IN

How much do homes in Rushville, IN cost?

Median Sold Price

$141,000

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$4,000(-2.8%)

Key Takeaway

Homes in Rushville have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Rushville was $141,000 in May 2024, down 2.8% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $105K$92.5K
-11.9%
3 $155.5K$178.3K
+14.7%
4 $174.5K$222.4K
+27.5%
5+ -$415K
N/A

Summary: Rushville 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 decreased by 11.9%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rushville
-2.8%
Rushville Township
-6.0%

Housing Supply in Rushville, IN

How many homes are available in Rushville, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3835-7.9%

Summary: The Rushville real estate market had 35 homes for sale in May 2024, a 7.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 1717
0.0%
4 119
-18.2%
5+ 33
0.0%

Summary: The Rushville 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 decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rushville, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Rushville in May 2024, down by 38.5% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Rushville, IN

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

Average Sale Time

May 2023May 2024CHANGE
17 Days50 Days+196.9%

Summary: Homes in Rushville had an average of 50 days on market in May 2024, up by 196.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Rushville; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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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