Is 46012, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46012 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46012 has remained a Seller's Market.

Key Takeaway

46012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46012, IN

How much do homes in 46012, IN cost?

Median Sold Price

$180,750

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,150(+6.6%)

Key Takeaway

Homes in 46012 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 46012 was $180,750 in March 2024, up 6.6% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$45K
N/A
2 $99.7K$117.7K
+18.0%
3 $174K$195K
+12.1%
4 $260K$245K
-5.8%
5+ $175K$226K
+29.1%

Summary: 46012 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%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 29.1%.

Median Sold Price Compared To Nearby Zip Codes

46016
+11.4%
46012
+6.6%
46017
-5.7%
46001
-10.7%

Housing Supply in 46012, IN

How many homes are available in 46012, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6973+5.8%

Summary: The 46012 real estate market had 73 homes for sale in March 2024, a 5.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2018
-10.0%
3 4146
+12.2%
4 87
-12.5%
5+ 02
+100.0%

Summary: The 46012 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 decreased by 10%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46012, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 46012 in March 2024, down by 15.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 6% were sold at asking, and 35% were sold over asking.

Days on Market for 46012, IN

How long does it take to sell a home in 46012, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
55 Days30 Days-44.3%

Summary: Homes in 46012 had an average of 30 days on market in Mar 2024, down by 44.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46012 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 17 homes were sold in 46012; 65% of homes were sold within 30 days, 18% 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 28 Days Ago

Newest Listings in 46012, IN

Nearby Markets to 46012, IN