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How hot is the real estate market in Vanderburgh and Warrick counties? – Courier & Press

The median sales price for a single-family home in Vanderburgh County during November was $183,465. That’s an increase of 24% compared with November 2020, according to a USA TODAY Network localized analysis generated with data from Realtor.com.

The number of houses sold fell by 17.6% from a year earlier. A total of 210 houses were sold countywide during the month of November. During the same period a year earlier, 255 single-family homes were sold.

Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.

Home prices are up substantially in Warrick and Vanderburgh counties.

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Condominiums and townhomes sold in November had a median sales price of $135,000. That figure represents a 12.9% decrease year over year. In Vanderburgh County, eight were sold, down 61.9% from a year earlier.

The median sales price for a single-family home in Warrick County during November was $252,884. That’s an increase of 16.3% compared with November 2020. The number of houses sold in Warrick county fell by 16.4% from a year earlier. A total of 87 houses were sold countywide during the month of November. During the same period in 2020, 104 single-family homes were sold.

How hot is real estate in Vanderburgh and Warrick counties?

Information on local housing markets is available through the USA TODAY Network, with more data from Realtor.com.

In Vanderburgh County, the top 10% of the properties sold had prices of at least $338,437, up 15.5% from a year before.

In November, no properties sold for $1 million or more.

In Warrick County, the top 10% of the properties sold had prices of at least $499,875, up 25.3% from a year before.

In November, one property sold for $1 million or more in Warrick County: One single-family home.

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The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Localized versions are generated for communities where the data quality and transaction volume meets Realtor.com and USA TODAY Network standards. The story was written by Sean Lahman.

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