Is 46037, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 46037 has remained a Seller's Market.
Housing Prices in 46037, IN
How much do homes in 46037, IN cost?
Median Sold Price
$419,700
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46037 was $419,700 in March 2024, up 2.6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $275K | N/A |
2 Bedrooms | $305K | $316.5K | +3.8% |
3 Bedrooms | $330K | $347.9K | +5.4% |
4 Bedrooms | $440K | $459.8K | +4.5% |
5+ Bedrooms | $592K | $645.3K | +9.0% |
Summary: 46037 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 3.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9%.
Housing Supply in 46037, IN
How many homes are available in 46037, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
123 | 156 | +26.8% |
Summary: The 46037 real estate market had 156 homes for sale in March 2024, a 26.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 20 | -16.7% |
3 Bedrooms | 43 | 53 | +23.3% |
4 Bedrooms | 35 | 50 | +42.9% |
5+ Bedrooms | 21 | 33 | +57.1% |
Summary: The 46037 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 16.7%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 42 | +23.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 46037 in March 2024, up by 23.5% month-over-month. Of the 42 sold homes, 57% were sold under asking, 33% were sold at asking, and 10% were sold over asking.
Days on Market for 46037, IN
How long does it take to sell a home in 46037, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 32 Days | -30.5% |
Summary: Homes in 46037 had an average of 32 days on market in Mar 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in 46037; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.