Is 46055, 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, 46055 has remained a Seller's Market.
Housing Prices in 46055, IN
How much do homes in 46055, IN cost?
Median Sold Price
$371,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46055 was $371,500 in March 2024, down 2.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $190K | +104.3% |
2 Bedrooms | $303.5K | $407.5K | +34.3% |
3 Bedrooms | $320K | $340K | +6.3% |
4 Bedrooms | $400K | $388.8K | -2.8% |
5+ Bedrooms | $605K | $490K | -19.0% |
Summary: 46055 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104.3%, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 19%.
Housing Supply in 46055, IN
How many homes are available in 46055, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Summary: The 46055 real estate market had 87 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 36 | 40 | +11.1% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The 46055 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 46055 in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 39% were sold at asking, and 6% were sold over asking.
Days on Market for 46055, IN
How long does it take to sell a home in 46055, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
101 Days | 36 Days | -64.5% |
Summary: Homes in 46055 had an average of 36 days on market in Mar 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 46055; 39% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.