Is 46017, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46017 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46017 has remained a Seller's Market.

Key Takeaway

46017 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46017, IN

How much do homes in 46017, IN cost?

Median Sold Price

$165,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-5.7%)

Key Takeaway

Homes in 46017 have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in 46017 was $165,000 in March 2024, down 5.7% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$115K
N/A
2 $130K$133.1K
+2.4%
3 $179.9K$170K
-5.5%
4 $201.2K$240K
+19.3%
5+ $372.4K$41.5K
-88.9%

Summary: 46017 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 2.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 88.9%.

Median Sold Price Compared To Nearby Zip Codes

46016
+11.4%
46012
+6.6%
46013
+4.3%
46017
-5.7%

Housing Supply in 46017, IN

How many homes are available in 46017, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1712-29.4%

Summary: The 46017 real estate market had 12 homes for sale in March 2024, a 29.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1410
-28.6%
4 00
0.0%
5+ 00
0.0%

Summary: The 46017 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 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46017, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 46017 in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.

Days on Market for 46017, IN

How long does it take to sell a home in 46017, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
12 Days49 Days+292.0%

Summary: Homes in 46017 had an average of 49 days on market in Mar 2024, up by 292% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46017 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in 46017; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 30 Days Ago

Newest Listings in 46017, IN

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