Is 46041, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46041 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46041 has remained a Seller's Market.

Key Takeaway

46041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46041, IN

How much do homes in 46041, IN cost?

Median Sold Price

$201,750

$138/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$28,250(-12.3%)

Key Takeaway

Homes in 46041 have sold for 12.3% less than they did a month ago.

Summary: The median home sold price in 46041 was $201,750 in April 2024, down 12.3% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$190K
N/A
3 $230K$201.5K
-12.4%
4 -$226.6K
N/A
5+ --
N/A

Summary: 46041 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 46041, IN

How many homes are available in 46041, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3241+28.1%

Summary: The 46041 real estate market had 41 homes for sale in April 2024, a 28.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 2019
-5.0%
4 611
+83.3%
5+ 12
+100.0%

Summary: The 46041 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
718+157.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46041, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 46041 in April 2024, up by 157.1% month-over-month. Of the 18 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.

Days on Market for 46041, IN

How long does it take to sell a home in 46041, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
38 Days4 Days-89.7%

Summary: Homes in 46041 had an average of 4 days on market in Apr 2024, down by 89.7% compared to last month.

Breakdown of Home Sale Times

6 Homes Were 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 46041 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 18 homes were sold in 46041; 33% 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 2 Days Ago

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