Is 46051, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46051 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 46051 was a Seller's Market.

Key Takeaway

46051 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46051, IN

How much do homes in 46051, IN cost?

Median Sold Price

$210,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$5,000(-2.3%)

Key Takeaway

Homes in 46051 have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in 46051 was $210,000 in March 2024, down 2.3% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $89.9K-
N/A
2 $147.5K$197.5K
+33.9%
3 $160K$200K
+25.0%
4 $330K$322.5K
-2.3%
5+ --
N/A

Summary: 46051 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 33.9%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46064
+14.7%
46011
+14.1%
46051
-2.3%

Housing Supply in 46051, IN

How many homes are available in 46051, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
914+55.6%

Summary: The 46051 real estate market had 14 homes for sale in March 2024, a 55.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 68
+33.3%
5+ 02
+100.0%

Summary: The 46051 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 increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46051, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 46051 in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 46051, IN

How long does it take to sell a home in 46051, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
3 Days17 Days+363.6%

Summary: Homes in 46051 had an average of 17 days on market in Mar 2024, up by 363.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 46051 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in 46051; 100% 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 27 Days Ago

Newest Listings in 46051, IN

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