Contracts Peak in 47240 Zip Code Real Estate Market

The 47240 zip code market reported 22 contracts in the last 30 days, the highest amount since July. During the same period, 21 sales were completed. In comparison, the 47203 zip code had 31 contracts executed in the same time frame, the most of all nearby zip codes. The median sales price dropped to $115,000, down from last week's $134,000. Despite the rising contracts trend, with seven months of inventory to work through, the 47240 zip code is a still strong buyer's market.

Trying to find a more traditional home in the 47240 zip code? Then check out these listings that were built before most others in the market:

$165K   $298K   $139K  

Get started right now by checking out 47240 homes for sale or reviewing 47240 real estate trends.

Demographic facts for the 47240 zip code:

  • This area has a rating of 48 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 66.0 for every 100,000 people.
  • This area has a health cost index score of 95.6. (100 = national average)
  • 81.4% of the residents commute to work alone in their car, 12.6% via carpool, and 0.0% by way of public transit.

Data reported through 10/12/2016

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