Mellott, IN Foreclosures
Current Market Conditions in in Mellott, IN As of January 2026?
Over the past month, Mellott has seen a slight increase in home sale prices reflecting enhanced demand. This rise is attributed to a lower supply of homes on the market, compelling buyers to act fast when reasonably priced properties become available. The influx of buyers has led to more competitive offers, shortening the average time homes stay on the market, indicating a healthy, vibrant market driven by both local buyers and those from outside the region looking for a sustainable lifestyle.
How much do homes sell for in Mellott, IN?
The average home price is currently $120,642.
In Mellott, IN, how many homes are available?
There are currently 1 active home listings available in Mellott.
What’s the average rental cost in Mellott, IN?
The average rental price in Mellott is $1,039.
What is the most expensive home in Mellott?
The most expensive home sold in Mellott had a price of $267,657.
What is currently the cheapest priced home in Mellott, IN?
The cheapest home for sale in Mellott is priced at $18,067.
Living in Mellott, IN
Mellott, Indiana is a quaint town that offers a peaceful lifestyle surrounded by stunning rural landscapes. With a strong sense of community, residents enjoy local amenities and easy access to outdoor recreational activities. The town's strategic location allows for convenient travel to larger urban centers while maintaining a welcoming, small-town vibe.
Buyer vs Seller Market in Mellott, IN
Currently, the real estate market in Mellott is experiencing steady demand. Properties are being sold slightly above asking prices due to limited inventory and a growing interest from buyers seeking affordable housing in rural areas. Many homes in Mellott are attractively priced compared to urban markets, making it an appealing option for those looking to invest or relocate.
There is a noticeable trend of families moving to Mellott as they search for more space and a quieter lifestyle. Interest in rural real estate has increased post-pandemic, leading to a greater number of inquiries and sales in the area, suggesting a robust market suitable for potential investments.
Home Value Estimator For Mellott, IN
There are currently 93 real estate properties
in Mellott, IN,
with a median automated valuation model (AVM) price
of $116,224.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mellott, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Mellott, IN,
is $120,642.00, with the most expensive house
in Mellott, IN, topping out
at $267,657.00 and the cheapest home
in Mellott, IN,
clocking in at $18,067.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mellott, IN!
Rent Prices
In Mellott, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mellott, IN, is on
a rollercoaster ride. The
average rent price in Mellott, IN,
is $1,039.00. Indeed, when looking to rent in
Mellott, IN, you can expect to pay as little
as $670.00 or as much
as $1,570.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Mellott, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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