Is 46038, 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, 46038 has remained a Seller's Market.
Housing Prices in 46038, IN
How much do homes in 46038, IN cost?
Median Sold Price
$344,604
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46038 was $344,604 in March 2024, up 4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.2K | $182K | +6.9% |
2 Bedrooms | $235.4K | $275K | +16.8% |
3 Bedrooms | $315K | $325K | +3.2% |
4 Bedrooms | $378K | $391K | +3.4% |
5+ Bedrooms | $480K | $500K | +4.2% |
Summary: 46038 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 46038, IN
How many homes are available in 46038, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 135 | +25.0% |
Summary: The 46038 real estate market had 135 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 43 | 61 | +41.9% |
4 Bedrooms | 45 | 53 | +17.8% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 46038 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 increased by 6.7%, 3 bedroom homes increased by 41.9%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 43 | +65.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 46038 in March 2024, up by 65.4% month-over-month. Of the 43 sold homes, 51% were sold under asking, 19% were sold at asking, and 30% were sold over asking.
Days on Market for 46038, IN
How long does it take to sell a home in 46038, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 24 Days | -20.3% |
Summary: Homes in 46038 had an average of 24 days on market in Mar 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 46038; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.