Is Chapel Hill / Ben Davis, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chapel Hill / Ben Davis is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Chapel Hill / Ben Davis has remained a Seller's Market.

Key Takeaway

Chapel Hill / Ben Davis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chapel Hill / Ben Davis, IN

How much do homes in Chapel Hill / Ben Davis, IN cost?

Median Sold Price

$237,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,000(+3.0%)

Key Takeaway

Homes in Chapel Hill / Ben Davis have sold for 3% more than they did a year ago.

Summary: The median home sold price in Chapel Hill / Ben Davis was $237,000 in May 2024, up 3% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $179.5K$188.4K
+5.0%
3 $227K$230K
+1.3%
4 $251.2K$269.9K
+7.4%
5+ $280K$370K
+32.1%

Summary: Chapel Hill / Ben Davis 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 5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 32.1%.

Housing Supply in Chapel Hill / Ben Davis, IN

How many homes are available in Chapel Hill / Ben Davis, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7376+4.1%

Summary: The Chapel Hill / Ben Davis real estate market had 76 homes for sale in May 2024, a 4.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 3836
-5.3%
4 2226
+18.2%
5+ 79
+28.6%

Summary: The Chapel Hill / Ben Davis 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 16.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1926+36.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chapel Hill / Ben Davis, you may be able to get a good deal. 34.6% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Chapel Hill / Ben Davis in May 2024, up by 36.8% month-over-month. Of the 26 sold homes, 35% were sold under asking, 31% were sold at asking, and 35% were sold over asking.

Days on Market for Chapel Hill / Ben Davis, IN

How long does it take to sell a home in Chapel Hill / Ben Davis, IN?

Average Sale Time

May 2023May 2024CHANGE
16 Days15 Days-4.9%

Summary: Homes in Chapel Hill / Ben Davis had an average of 15 days on market in May 2024, down by 4.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chapel Hill / Ben Davis are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 26 homes were sold in Chapel Hill / Ben Davis; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% 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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