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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fortville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fortville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fortville, IN

How much do homes in Fortville, IN cost?

Median Sold Price

$375,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$85,100(+29.4%)

Key Takeaway

Homes in Fortville have sold for 29.4% more than they did a year ago.

Summary: The median home sold price in Fortville was $375,000 in May 2024, up 29.4% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$139.9K
N/A
2 $175K$218.5K
+24.9%
3 $264K$300K
+13.6%
4 $370.5K$408K
+10.1%
5+ $530.4K$527.5K
-0.5%

Summary: Fortville 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 24.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Cities

Fortville
+29.4%
Green Township
+19.5%
Vernon Township
+5.0%
Fall Creek Township
+1.8%

Housing Supply in Fortville, IN

How many homes are available in Fortville, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5655-1.8%

Summary: The Fortville real estate market had 55 homes for sale in May 2024, a 1.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2019
-5.0%
4 2123
+9.5%
5+ 1310
-23.1%

Summary: The Fortville 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 increased by 50%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fortville, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Fortville in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Fortville, IN

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

Average Sale Time

May 2023May 2024CHANGE
63 Days46 Days-27.6%

Summary: Homes in Fortville had an average of 46 days on market in May 2024, down by 27.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fortville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 20 homes were sold in Fortville; 75% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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