47462 Housing Market Report December 2024•Lawrence County, Indiana

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Housing Prices in 47462, IN

How much do homes in 47462, IN cost?

Housing Market Conditions

Is 47462, IN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

47462 is a Seller's Market

Difference Since November 2024

Last month, 47462 was a Neutral Market.

Insight

47462 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$302,000$195/SqFt
-$285,500
-48.6%

Based on all homes sold in December 2024

Insight

Homes in 47462 have sold for 48.6% less than they did a month ago.

Summary: The median home sold price in 47462 was $302,000 in December 2024, down 48.6% from last month, and the median price per square foot was $195.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
47421
+13.6%
47462
-48.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2--
N/A
3-$302K
N/A
4$587.5K-
N/A
5--
N/A

Summary: 47462 housing price by bedroom type for December 2024, 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 did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 47462, IN

How many homes are available in 47462, IN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
14Last MonthDec 2024
132 months agoNov 2024
+7.7 %
Change MoMNov – Dec

Summary: The 47462 real estate market had 14 homes for sale in Dec 2024, a 7.7 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthDec 2024
22 months agoNov 2024
+50.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
200
0.0%
3810
+25.0%
432
-33.3%
522
0.0%

Summary: 47462 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 47462, IN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in 47462, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 47462 in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.

Days on Market for 47462, IN

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in 47462, IN

What homes are available in 47462, IN?

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MLS Disclaimers and Copyright

Based on information from Indiana Regional MLS, for the period 11/01/2024 - 01/01/2025

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.