Is Bates Hendricks, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bates Hendricks is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$4,900(+1.7%)

Key Takeaway

Homes in Bates Hendricks have sold for 1.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $155.5K-
N/A
2 $180.5K$202.4K
+12.1%
3 $308.5K$299.9K
-2.8%
4 $365K$352K
-3.6%
5+ $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
+11.6%
Near Southside
+5.6%
Bates Hendricks
+1.7%
South Park
-14.3%

Housing Supply in Bates Hendricks, IN

How many homes are available in Bates Hendricks, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5557+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 712
+71.4%
3 2628
+7.7%
4 2016
-20.0%
5+ 21
-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 2024May 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bates Hendricks, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.

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 2023May 2024CHANGE
67 Days59 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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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