Is Chapel Hill / Ben Davis, 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, Chapel Hill / Ben Davis has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179.5K | $188.4K | +5.0% |
3 Bedrooms | $227K | $230K | +1.3% |
4 Bedrooms | $251.2K | $269.9K | +7.4% |
5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
---|---|---|
73 | 76 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 38 | 36 | -5.3% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 7 | 9 | +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 2024 | May 2024 | CHANGE |
---|---|---|
19 | 26 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 15 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
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.