Is Avon, 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, Avon has remained a Seller's Market.
Housing Prices in Avon, IN
How much do homes in Avon, IN cost?
Median Sold Price
$334,916
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Avon was $334,916 in May 2024, up 3.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $127K | N/A |
2 Bedrooms | $270K | $250K | -7.4% |
3 Bedrooms | $285K | $300K | +5.3% |
4 Bedrooms | $365K | $370K | +1.4% |
5+ Bedrooms | $425K | $454.9K | +7.0% |
Summary: Avon 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 decreased by 7.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Brownsburg | $310K | $365K | +17.7% |
Lincoln Township | $305.4K | $322.4K | +5.5% |
Washington Township | $314.3K | $325K | +3.4% |
Avon | $325K | $334.9K | +3.1% |
Plainfield | $310K | $313.8K | +1.2% |
Housing Supply in Avon, IN
How many homes are available in Avon, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
181 | 187 | +3.3% |
Summary: The Avon real estate market had 187 homes for sale in May 2024, a 3.3% 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 | 15 | 14 | -6.7% |
3 Bedrooms | 80 | 78 | -2.5% |
4 Bedrooms | 67 | 70 | +4.5% |
5+ Bedrooms | 19 | 25 | +31.6% |
Summary: The Avon 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 6.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 49 | -5.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Avon in May 2024, down by 5.8% month-over-month. Of the 49 sold homes, 49% were sold under asking, 31% were sold at asking, and 20% were sold over asking.
Days on Market for Avon, IN
How long does it take to sell a home in Avon, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 11 Days | -54.2% |
Summary: Homes in Avon had an average of 11 days on market in May 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Avon; 63% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.