Is 46032, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46032 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46032 has remained a Seller's Market.

Key Takeaway

46032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46032, IN

How much do homes in 46032, IN cost?

Median Sold Price

$514,375

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$51,381(+11.1%)

Key Takeaway

Homes in 46032 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 46032 was $514,375 in March 2024, up 11.1% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $162.9K$187.5K
+15.1%
2 $275K$310.2K
+12.8%
3 $395.5K$420.2K
+6.3%
4 $493K$570K
+15.6%
5+ $910K$942.5K
+3.6%

Summary: 46032 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

46280
+18.3%
46032
+11.1%
46033
+1.8%
46074
0.2%

Housing Supply in 46032, IN

How many homes are available in 46032, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
147166+12.9%

Summary: The 46032 real estate market had 166 homes for sale in March 2024, a 12.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 2026
+30.0%
3 5759
+3.5%
4 3845
+18.4%
5+ 2934
+17.2%

Summary: The 46032 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 17.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3043+43.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46032, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 46032 in March 2024, up by 43.3% month-over-month. Of the 43 sold homes, 49% were sold under asking, 16% were sold at asking, and 35% were sold over asking.

Days on Market for 46032, IN

How long does it take to sell a home in 46032, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
25 Days30 Days+19.5%

Summary: Homes in 46032 had an average of 30 days on market in Mar 2024, up by 19.5% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46032 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 43 homes were sold in 46032; 74% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 14% 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 27 Days Ago

Newest Listings in 46032, IN

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