Is 46062, 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, 46062 has remained a Seller's Market.
Housing Prices in 46062, IN
How much do homes in 46062, IN cost?
Median Sold Price
$391,526
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46062 was $391,526 in March 2024, down 0.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257K | $285K | +10.9% |
2 Bedrooms | $263K | $309.4K | +17.7% |
3 Bedrooms | $325K | $324.9K | 0% |
4 Bedrooms | $450K | $448K | -0.4% |
5+ Bedrooms | $575K | $599.8K | +4.3% |
Summary: 46062 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 17.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 46062, IN
How many homes are available in 46062, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
167 | 179 | +7.2% |
Summary: The 46062 real estate market had 179 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 29 | 41 | +41.4% |
3 Bedrooms | 71 | 59 | -16.9% |
4 Bedrooms | 49 | 56 | +14.3% |
5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The 46062 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 41.4%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 49 | +22.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 46062 in March 2024, up by 22.5% month-over-month. Of the 49 sold homes, 51% were sold under asking, 20% were sold at asking, and 29% were sold over asking.
Days on Market for 46062, IN
How long does it take to sell a home in 46062, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 34 Days | +3.4% |
Summary: Homes in 46062 had an average of 34 days on market in Mar 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in 46062; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.