Is 46074, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46074 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46074 has remained a Seller's Market.

Key Takeaway

46074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46074, IN

How much do homes in 46074, IN cost?

Median Sold Price

$460,883

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$887(+0.2%)

Key Takeaway

The sold price of homes in 46074 has remained the same since last year.

Summary: The median home sold price in 46074 was $460,883 in March 2024, up 0.2% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $312.8K$357.9K
+14.4%
3 $374.9K$391K
+4.3%
4 $489K$509.9K
+4.3%
5+ $623.3K$644.9K
+3.5%

Summary: 46074 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 14.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

46032
+11.1%
46077
+2.7%
46033
+1.8%
46074
0.2%
46062
-0.9%

Housing Supply in 46074, IN

How many homes are available in 46074, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2512510.0%

Summary: The 46074 real estate market had 251 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3531
-11.4%
3 109109
0.0%
4 7273
+1.4%
5+ 3538
+8.6%

Summary: The 46074 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 decreased by 11.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 8.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6775+11.9%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46074, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in 46074 in March 2024, up by 11.9% month-over-month. Of the 75 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.

Days on Market for 46074, IN

How long does it take to sell a home in 46074, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
41 Days50 Days+22.9%

Summary: Homes in 46074 had an average of 50 days on market in Mar 2024, up by 22.9% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46074 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 75 homes were sold in 46074; 60% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 19% 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 25 Days Ago

Newest Listings in 46074, IN

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