Knightstown’s rolling three-month numbers show more homes coming on the market and steady buyer interest. Active listings are up more than 30 percent from a year ago, with about 22 homes available and 15 new listings in the latest period. Closings have also risen, with homes sold up roughly 14 percent year over year, while pending sales climbed almost 30 percent even with a slight recent dip.
Pricing has pushed higher as this inventory and contract activity has shifted. The typical home value over the rolling three months is up about 17 percent compared with a year earlier, and the median list price is roughly 9 percent higher. Sellers are still getting close to asking, with the average sale-to-list ratio just under 99 percent and about 30 percent of sales closing above list price.
Days on market and overall supply suggest conditions are less frenzied than in the past but still lean toward sellers. Homes now take a median of 13 days to go under contract in the rolling three-month view, far faster than a year ago if you exclude last year’s unusually slow period, and months of supply has risen to just over five months even as the market gauge still labels Knightstown a seller’s market. Buyers who want to navigate rising prices and increased options, and sellers who hope to price correctly and capture strong demand, can both benefit from Agent Pronto helping them find a knowledgeable local agent.
