47638 Housing Market Report February 2025Posey County, Indiana

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Housing Prices in 47638, IN

How much do homes in 47638, IN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$372,900$196/SqFt
-$18,550
-4.7%

Based on all homes listed in February 2025

Insight

The list price of homes in 47638 has decreased by 4.7% since January.

Summary: The median home list price in 47638 was $372,900 in February 2025, down 4.7% from the previous month, and the median price per square foot was $196.

Median List Price By Zip Codes

Median List Price By Zip Codes
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
47720
+7.0%
47638
-4.7%
47712
-9.3%

Median List Price By Bedrooms

Median List 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.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2--
N/A
3$410K$391.4K
-4.5%
4$242.5K$242.5K
0.0%
5--
N/A

Summary: 47638 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 decreased by -4.5%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 47638, IN

How many homes are available in 47638, 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
9Last MonthFeb 2025
82 months agoJan 2025
+12.5 %
Change MoMJan – Feb

Summary: The 47638 real estate market had 9 homes for sale in Feb 2025, a 12.5 % increase compared to Jan 2025.

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
411
0.0%
500
0.0%
200
0.0%
378
+14.3%

Summary: 47638 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +14.3%.

Asking Price vs. Sold Price

How much do homes in 47638, 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 47638, 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 47638 in February 2025, up by 100.0% 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 47638, IN

How long does it take to sell a home in 47638, IN?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
118 DaysLast MonthFeb 2025
113 Days1 month agoJan 2025
+4.1 %
Change MoMJan – Feb

Summary: Homes in 47638 had an average listing age of 118 days in Feb 2025, up by 4.1% compared to the previous month.

Newest Listings in 47638, IN

What homes are available in 47638, IN?

MLS Disclaimers and Copyright

Based on information from Indiana Regional MLS, for the period 01/01/2025 - 03/01/2025

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: 3/4/2025, 7:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.