Is 46016, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 46016 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41.5K | $33K | -20.5% |
2 Bedrooms | $55.7K | $60K | +7.6% |
3 Bedrooms | $87.5K | $103K | +17.7% |
4 Bedrooms | $90K | $109.9K | +22.2% |
5+ Bedrooms | $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%.
Housing Supply in 46016, IN
How many homes are available in 46016, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 95 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 5 | 5 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 22 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 47 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
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.