Mitchell, IN Home Values & Market Trends
Real estate market trends reflect that there have been 203 transactions over the past year in Mitchell. The median value for residential home transactions that occurred over the previous year is $151,266.33. The number of current listings in Mitchell is 31, and the percentage of properties for sale in the city is 31.00%. Mitchell, IN currently has 4 properties in foreclosure, 1 bank owned properties, 3 properties headed for auction, and 31 properties for sale.
Mitchell, IN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 47446 | $ 147,477 $ 112/sqft |
Housing Market Summary for Mitchell, IN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $167.4K | $130.8K | -21.86% |
| Median Sold Price | $151.5K | $130.8K | -13.62% |
| Homes For Sale | 12 | 25 | 108.33% |
| Homes Sold | 49 | 57 | 16.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Mitchell, IN
Browse Homes in Mitchell, IN
Mitchell home values range from $21,642 to $992,758. The median estimated value of a home in Mitchell is $151,266.33. The median list price of a home is 165,000, and the total count of properties in the city is 2,822.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Mitchell, IN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Mitchell, IN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mitchell, IN ranges from the highest value of $145,055 in 47446 to the lowest value of $145,055 in 47446. Bank owned homes and properties account for 0.04% of properties in Mitchell, IN. There is 1 zips within Mitchell, IN; 47446 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions47446 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Mitchell, IN. Auction homes and other auction properties account for 0.11% of all properties in Mitchell, IN. There is 1 zips within Mitchell, IN; of that zips, the median estimated home value for homes going to auction ranges from $384,192 in 47446 to the lowest value of $64,457 in 47446.
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Guide for Mitchell, IN
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
