2020 Land Sales in Hamilton County, Indiana 

 

 

 

3-4.99 Acres
There were 14 sales, with the average sale price being $30,872/A.  Marketing time was very fast with lots taking a median average of just 24 days to sell!  Discounts from asking price were slim, with the average discount being less than 5% off.

5-9.99 Acres
There were 19 sales, with the average sale price being $23,845/A.  Marketing time for this segment was longer, with the median average coming in at 139.  That probably played a role in discounts being a little more prevalent.  The average discount from asking was 10%.

10-19.99 Acres
There were 17 sales in this group, with the average sale price being $18,443/A.  Marketing time for this segment was longer still, with the median being 229 days.  The average discount was just over 2%.

20+ Acres
8 sales were recorded, with average sale price being $11,625/A.  Median marketing time was just 69 days.  The average discount was nearly 15%.

 

 

No surprise, as the volume of acres increased the price per acre decreased.  There are a lot of factors that go into determining the value of a given piece of ground, with just one of those factors being the total number of acres being purchased.

Well, that’s a wrap for 2020. What will this next year bring? Time will only tell. If you are looking for a piece of land, give me a call at (317) 625-0655 and let’s talk specifics. Let 2021 be the year!