Comprehensive market data and analysis
14.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Mongo, Indiana | ||||||
The median price for land in the Indiana area is currently $34K per acre. For a typical parcel, the median sale price is $75K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $12K while premium lots reached $395K.
the Indiana area is currently a strong buyer's market with 14.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 25.2% year-over-year.
the Indiana area currently has 14.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, the Indiana area saw 4,450 properties sold, totaling $795.2M in sales volume. In just the last 3 months, 1,097 properties changed hands.
There are currently 5,298 active listings in the Indiana area. 1,304 new listings have hit the market in the last 90 days. The median asking price is $83K.
The median land price in the Indiana area stands at $75K. This translates to roughly $34K per acre for the typical parcel size. The average price is $179K, indicating some higher-priced properties pulling up the average.
Land in the Indiana area typically sells within 130 days of listing. The median time on market is 54 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
