Is 46016, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46016 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 46016 has remained a Seller's Market.

Key Takeaway

46016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46016, IN

How much do homes in 46016, IN cost?

Median Sold Price

$76,666

$48/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,666(+9.5%)

Key Takeaway

Homes in 46016 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 46016 was $76,666 in April 2024, up 9.5% from last year, and the median price per square foot was $48.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $41.5K$33K
-20.5%
2 $55.7K$60K
+7.6%
3 $87.5K$103K
+17.7%
4 $90K$109.9K
+22.2%
5+ $213.1K$69.7K
-67.3%

Summary: 46016 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 67.3%.

Median Sold Price Compared To Nearby Zip Codes

46011
+13.1%
46016
+9.5%
46012
+7.3%
46013
+3.0%
46017
-5.7%

Housing Supply in 46016, IN

How many homes are available in 46016, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9495+1.1%

Summary: The 46016 real estate market had 95 homes for sale in April 2024, a 1.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 3737
0.0%
3 3635
-2.8%
4 1215
+25.0%
5+ 55
0.0%

Summary: The 46016 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46016, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 46016 in April 2024, up by 4.8% month-over-month. Of the 22 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for 46016, IN

How long does it take to sell a home in 46016, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days47 Days+19.7%

Summary: Homes in 46016 had an average of 47 days on market in Apr 2024, up by 19.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46016 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 22 homes were sold in 46016; 50% of homes were sold within 30 days, 27% 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 1 Day Ago

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