What Does The Indiana Housing Market Look Like For 2019?

Does The Indiana Housing Market Look Good For 2019?

The Indiana housing market looks great for 2019. Home prices last year had already increased by nearly eight percent over 2017. This was Indiana’s strongest rate of appreciation on record. Plus the higher prices didn’t decrease demand. Buying a home was still a good decision because the median price for rent in the state is $1,000.

What Does The Indiana Inventory Of Homes Look Like Now?

Indiana’s housing inventory indicates a need for new residential construction, especially for smaller, entry-level homes. This isn’t isolated to Indiana though. Across the nation, as Millennials settle into homes and Baby Boomers scale down from their larger homes, there’s competition for entry-level homes. This is a nation-wide phenomenon that needs to be addressed. Millennials, in particular, aren’t especially impressed with large spacious homes. They prefer smaller, reasonably priced homes. Experts know that new residential construction is needed to address the desire for smaller homes from two generations. If you own a starter home and are thinking of moving into a larger home, now is the time, because your starter home is in high demand.

What Is The Median Home Value & Median List Price In Indiana Right Now?

The median home value in Indiana right now is $144,500. The median list price for Indiana homes is $189,900. In this past year, the home values in this state have gone up 9.7 percent, in part due to the lower interest rates, higher prices of rent, and competition for starter homes. Zillow currently predicts they will rise five percent in the next 12 months.

When examining price per square foot, we see that the median list price for Hoosier homes is $107. 5.0% within the next year. The median list price per square foot in Indiana is $107.

Are You Thinking of Buying a Home in Dubois County?

Use our site to search homes for sale in Jasper, Dubois, Spencer, Martin and Davis counties and all of our surrounding areas. Unlike the “big name” sites out there, at Sell 4 Free Welsh Realty our site is directly connected to our local MLS and is updated with new homes every hour. By signing up for New Listing alerts you can stay on top of the newest homes for sale and get price change alerts so you can stay ahead of other buyers and beat them to the hottest deals!

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Popular Jasper Indiana Home Searches:

Newest Homes for Sale in Dubois County

View the newest homes listed in Dubois County in the last 10 days:

Wonderful House in the Country with 10 Acres of Land. This Home has 3 Bedrooms, 2.5 Baths, and space for additional Bedrooms/Living Space. The House also has an attached 2 Car Garage and a detached Car Port. Enjoy the wrap around covered porch and also has a covered Sunroom. The trees and landscaping of the Home gives you all the Privacy you would want from a Country Home. The house also has a full unfinished basement. Don't miss out on this great opportunity. $387,500 Active

5180 S Patoka Rd. Huntingburg, Indiana

3 Beds 3 Baths 2,344 SqFt 10 Acres

Listing courtesy of Larry Carpenter III from Carpenter Realty LLC.

Check out this spiffy 1 1/2 story with 4 bedrooms, 2 baths, main level laundry room and a detached garage! The wood floors have been professionally refinished, new laminate floors installed in the kitchen & main floor bath, and walls have been freshly painted. You'll enjoy the spacious rooms with high ceilings and beautiful windows. Located within walking distance of the library, post office, and all the happenings and eateries on Huntingburg's historic 4th Street. $153,500 Active

115 E 4th Street Huntingburg, Indiana

4 Beds 2 Baths 1,512 SqFt 0.130 Acres

Listing courtesy of STACEY THIEMAN-WRIGHT from THIEMAN REALTY.

This lovely home in the heart of Jasper is tastefully decorated and move-in ready! Walk in the front door to a huge living/family room with a fireplace and is open to the newly updated kitchen with brand new appliances and newer flooring. The laundry/half bath is conveniently located off the kitchen. Back the hallway is the updated full bathroom and 2 bedrooms. The mostly finished basement includes an artsy bar area on one end and on the other end a comfortable family sitting area with a fireplace. 2 more rooms along with a half bath and furnace/storage area complete the lower level. (Furnace and A/C are 1-2 years old). The carport and driveway have recently been re-done, along with a new vinyl fence for the back yard. Behind the carport is a shop that can be used as a workshop/hobby area or extra storage. Now is the time to move on this one!! $164,900 Active

1309 Kundeck Street Jasper, Indiana

2 Beds 3 Baths 2,184 SqFt 0.120 Acres

Listing courtesy of Sandra Cave from RE/MAX Local.