Is 46040, 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, 46040 has remained a Seller's Market.
Housing Prices in 46040, IN
How much do homes in 46040, IN cost?
Median Sold Price
$499,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46040 was $499,000 in March 2024, down 2.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $139.9K | N/A |
2 Bedrooms | $200K | $212K | +6.0% |
3 Bedrooms | $275.5K | $325K | +18.0% |
4 Bedrooms | $527.1K | $497K | -5.7% |
5+ Bedrooms | $657.5K | $615K | -6.5% |
Summary: 46040 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 6%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in 46040, IN
How many homes are available in 46040, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 76 | +10.1% |
Summary: The 46040 real estate market had 76 homes for sale in March 2024, a 10.1% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 19 | 18 | -5.3% |
4 Bedrooms | 27 | 25 | -7.4% |
5+ Bedrooms | 21 | 31 | +47.6% |
Summary: The 46040 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 decreased by 5.3%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 47.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 46040 in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 59% were sold under asking, 29% were sold at asking, and 12% were sold over asking.
Days on Market for 46040, IN
How long does it take to sell a home in 46040, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 58 Days | +3.4% |
Summary: Homes in 46040 had an average of 58 days on market in Mar 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 46040; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.