Is 46031, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46031 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46031 has remained a Seller's Market.

Key Takeaway

46031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46031, IN

How much do homes in 46031, IN cost?

Median Sold Price

$240,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$32,500(-11.9%)

Key Takeaway

Homes in 46031 have sold for 11.9% less than they did a year ago.

Summary: The median home sold price in 46031 was $240,000 in March 2024, down 11.9% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 -$129.5K
N/A
3 $246K$280K
+13.8%
4 $270K$227.4K
-15.8%
5+ $612.5K-
N/A

Summary: 46031 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 did not change, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46072
+10.0%
46060
+7.0%
46036
+1.6%
46031
-11.9%

Housing Supply in 46031, IN

How many homes are available in 46031, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
440.0%

Summary: The 46031 real estate market had 4 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The 46031 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46031, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 46031 in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 46031, IN

How long does it take to sell a home in 46031, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
4 Days3 Days-33.3%

Summary: Homes in 46031 had an average of 3 days on market in Mar 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46031 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in 46031; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 46031, IN

Nearby Markets to 46031, IN