Is 46011, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46011 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46011 has remained a Seller's Market.

Key Takeaway

46011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46011, IN

How much do homes in 46011, IN cost?

Median Sold Price

$202,500

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$25,100(+14.1%)

Key Takeaway

Homes in 46011 have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in 46011 was $202,500 in March 2024, up 14.1% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $28K-
N/A
2 $135K$160K
+18.5%
3 $174K$201K
+15.5%
4 $251K$250K
-0.4%
5+ $286K$302K
+5.6%

Summary: 46011 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

46011
+14.1%
46016
+11.4%
46012
+6.6%
46013
+4.3%
46051
-2.3%

Housing Supply in 46011, IN

How many homes are available in 46011, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4954+10.2%

Summary: The 46011 real estate market had 54 homes for sale in March 2024, a 10.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1113
+18.2%
3 2827
-3.6%
4 911
+22.2%
5+ 13
+200.0%

Summary: The 46011 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46011, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 46011 in March 2024, up by 54.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 46011, IN

How long does it take to sell a home in 46011, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
73 Days39 Days-46.8%

Summary: Homes in 46011 had an average of 39 days on market in Mar 2024, down by 46.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46011 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 17 homes were sold in 46011; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in 46011, IN

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