Is Downtown, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown was a Neutral Market.
Housing Prices in Downtown, IN
How much do homes in Downtown, IN cost?
Median Sold Price
$372,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown was $372,500 in April 2024, up 3.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $249.9K | +2.0% |
2 Bedrooms | $357.5K | $355K | -0.7% |
3 Bedrooms | $495K | $502.5K | +1.5% |
4 Bedrooms | $627K | $785K | +25.2% |
5+ Bedrooms | $341K | $1.3M | +288.5% |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 288.5%.
Median Sold Price Compared To Nearby Neighborhoods
Downtown | $358.7K | $372.5K | +3.8% |
Indiana Avenue & Ransom Place | $327.5K | $294K | -10.2% |
Housing Supply in Downtown, IN
How many homes are available in Downtown, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 118 | +4.4% |
Summary: The Downtown real estate market had 118 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 23 | +27.8% |
2 Bedrooms | 56 | 52 | -7.1% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 11 | -42.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Downtown in April 2024, down by 42.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for Downtown, IN
How long does it take to sell a home in Downtown, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 33 Days | -30.2% |
Summary: Homes in Downtown had an average of 33 days on market in Apr 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Downtown; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.