#202506911, Ron Plecher, Listing Office: RE/MAX Realty Professionals
47408 Housing Market Report February 2025•Monroe County, Indiana
Housing Prices in 47408, IN
How much do homes in 47408, IN cost?
Housing Market Conditions
Is 47408, IN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
47408 is a Neutral Market
Difference Since January 2025
Last month, 47408 was a Seller's Market.
47408 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in February 2025
The sold price of homes in 47408 has remained the same since last month.
Summary: The median home sold price in 47408 was $375,000 in February 2025, up 0.5% from last month, and the median price per square foot was $197.
Median Sold Price By Zip Codes
City | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
47404 | $250K | $280K | +12.0% |
47408 | $373.2K | $375K | 0.5% |
Median Sold Price By Bedrooms
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | - | - | N/A |
22 Bedrooms | - | $381K | N/A |
33 Bedrooms | $339.2K | $375K | +10.5% |
44 Bedrooms | $499K | $328K | -34.3% |
55+ Bedrooms | $489.2K | - | N/A |
Summary: 47408 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +10.5%. The home price for 4 bedroom homes decreased by -34.3%. The home price for 5 bedroom homes did not change.
Housing supply in 47408, IN
How many homes are available in 47408, IN?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
54Last MonthFeb 2025 | ||
482 months agoJan 2025 | +12.5 % Change MoMJan – Feb |
Summary: The 47408 real estate market had 54 homes for sale in Feb 2025, a 12.5 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
9Last MonthFeb 2025 | ||
102 months agoJan 2025 | -10.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 1 | +100.0% |
22 Bedrooms | 2 | 4 | +100.0% |
33 Bedrooms | 32 | 32 | 0.0% |
44 Bedrooms | 10 | 13 | +30.0% |
55+ Bedrooms | 4 | 4 | 0.0% |
Summary: 47408 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +30.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 47408, IN cost?
Over Asking Price2 Homes
At Asking Price2 Homes
Under Asking Price5 Homes
If you're buying a home in 47408, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 47408 in February 2025, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and and 22% were sold over asking.
Days on Market for 47408, IN
How long does it take to sell a home in 47408, IN?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days0 Home
Many homes in 47408 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 9 homes were sold in 47408; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
23 DaysLast MonthFeb 2025 | ||
57 Days1 month agoJan 2025 | -60.0 % Change MoMJan – Feb |
Summary: Homes in 47408 had an average listing age of 23 days in Feb 2025, down by 60.0% compared to the previous month.
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Newest Listings in 47408, IN
What homes are available in 47408, IN?
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Based on information from Indiana Regional MLS, and MIBOR Broker Listing Cooperative® for the period 01/01/2025 - 03/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/5/2025, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/5/2025, 10:16:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.