Is Bates Hendricks, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bates Hendricks has remained a Seller's Market.
Housing Prices in Bates Hendricks, IN
How much do homes in Bates Hendricks, IN cost?
Median Sold Price
$299,900
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bates Hendricks was $299,900 in May 2024, up 1.7% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155.5K | - | N/A |
2 Bedrooms | $180.5K | $202.4K | +12.1% |
3 Bedrooms | $308.5K | $299.9K | -2.8% |
4 Bedrooms | $365K | $352K | -3.6% |
5+ Bedrooms | $351.4K | $355K | +1.0% |
Summary: Bates Hendricks 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 12.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
Fountain Square | $280K | $312.5K | +11.6% |
Near Southside | $241.5K | $255K | +5.6% |
Bates Hendricks | $295K | $299.9K | +1.7% |
South Park | $349.9K | $299.9K | -14.3% |
Housing Supply in Bates Hendricks, IN
How many homes are available in Bates Hendricks, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 57 | +3.6% |
Summary: The Bates Hendricks real estate market had 57 homes for sale in May 2024, a 3.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 12 | +71.4% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 20 | 16 | -20.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bates Hendricks 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 71.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Bates Hendricks in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.
Days on Market for Bates Hendricks, IN
How long does it take to sell a home in Bates Hendricks, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 59 Days | -12.8% |
Summary: Homes in Bates Hendricks had an average of 59 days on market in May 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Bates Hendricks; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.