January 2011 Market report for Munster, Indiana Single Family Homes
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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