January 2011 Market report for Munster, Indiana Single Family Homes

 

  Mustang

 

 

January 2011 in Munster, Indiana saw 123 homes for sale. We are limiting this report to single family homes only.  There were 3 pending, 9 sold and 111 active homes listed. The chart below shows the minimum, average, median and maximum data for the properties. The total sales value was $2,112,125.00. While the average days on the market was 135.

 

 Active: 111  Pending: 3  Sold: 9  Other: 0  Total: 123

   Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM
 Minimum  2   0.75   832   $79,900   $83,000   0/5 
 Average  4   2.53   2,304   $315,942   $234,681   135/186 
 Median  3   2.00   2,000   $220,000   $172,900   108/158 
 Maximum  6   7.00   7,174   $1,350,000   $545,000   644/898 
 Total Dollar Value           $2,112,125   
 

The second chart shows the average days on the market versus the percentage of selling price.  If the home sits on the market longer, do you get a lower price ultimately?  Interestingly the homes on the market for 61-90 days got a higher sale price than those that sold more quickly or took longer.  This sample is small for drawing broad conclusions.  It will be interesting to see if this trend holds true as the spring approaches.

 

Average DOM Breakdown and Average % of List Price received on Solds by Market time:
   0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days 
 No. of Listings   0    2    1    1    5 
 Breakdown %   0.00    22.22    11.11    11.11    55.56 
 Avg SP % LP   0.00    88.15   107.18    93.51    92.05 

 

The third chart shows the sale price to list price counting the entire time the home was on the market not just the most current listing. (Cumulative Days On Market) Interesting that the greatest number of homes sold were on the market for more than 120 days but still received nearly 92% of the list price.

 

Average CDOM Breakdown and Average % of List Price received on Solds by Market time:
   0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days 
 No. of Listings   0    0    1    1    7 
 Breakdown %   0.00    0.00    11.11    11.11    77.78 
 Avg   0.00    0.00   107.18    93.51    91.67 

 

 

 

 

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Marilyn S. Tolhuizen, N W Indiana Real Estate Specialist

219-616-7069

McColly Real Estate, Realtor, GRI, ePro

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This post has been included in Indiana Real Estate News Lake County, IN Real Estate News Munster, IN Real Estate News
Post is included in group: Advice for Sellers
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Marilyn Tolhuizen N W Indiana Real Estate Specialist 219-616-7069

Crown Point, IN

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McColly Real Estate

Address: Crown Point, Munster, Highland, Griffith,Dyer, Saint John, Hammond,, Merrillville, Hobart, Hebron, Portage, Lowell, Cedar Lake, IN

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