Spencer-area home prices fall 5.1% in April, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read
Coldwell Banker real estate agent Annie Beyersdorf meets with Robby Schroeder and Michael Jacobs before a home inspection on a home that the couple has an accepted offer to purchase on March 28, 2022, in Grand Chute, Wis. Three months ago, they sold their home and started to hunt for a new, larger one with character inside and out. It took them three months, almost 30 private visits and open houses, and four offers before they were able to land a home.

A typical Owen County home listed for $249,900 in April, down 5.1% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in April was up about 11.1% from April 2021. Owen County's median home was 1,767 square feet for a listed price of $146 per square foot.

The Owen County market was busy, with a median 38 days on market. A month earlier, homes had a median 46 days on market. The market added 24 new home listings in April, compared with the 28 added in April 2021. The market ended the month with some 33 listings of homes for sale.

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

Across metro Bloomington, median home prices rose to $374,900, up 1.4% from a month earlier. The median home had 1,936 square feet, at a list price of $191 per square foot.

Across all of Indiana, median home prices were $260,000, rising 4% from a month earlier. The median Indiana home for sale had 1,840 square feet at list price of $139 per square foot.

Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list 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 listed 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 the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on Evening World: Spencer-area homes for sale drop to $249,900 median price