Is 46075, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46075 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46075 has remained a Seller's Market.

Key Takeaway

46075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46075, IN

How much do homes in 46075, IN cost?

Median Sold Price

$341,666

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$8,333(-2.4%)

Key Takeaway

Homes in 46075 have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in 46075 was $341,666 in March 2024, down 2.4% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $311.7K$300K
-3.8%
3 $316.2K$314.5K
-0.6%
4 $398.5K$379.5K
-4.8%
5+ $450K$420.8K
-6.5%

Summary: 46075 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 decreased by 3.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

46069
+33.9%
46052
+16.5%
46112
+11.7%
46077
+2.7%
46075
-2.4%

Housing Supply in 46075, IN

How many homes are available in 46075, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8587+2.4%

Summary: The 46075 real estate market had 87 homes for sale in March 2024, a 2.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 811
+37.5%
3 3032
+6.7%
4 2623
-11.5%
5+ 2121
0.0%

Summary: The 46075 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 increased by 37.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1235+191.7%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46075, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 46075 in March 2024, up by 191.7% month-over-month. Of the 35 sold homes, 63% were sold under asking, 34% were sold at asking, and 3% were sold over asking.

Days on Market for 46075, IN

How long does it take to sell a home in 46075, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
27 Days47 Days+70.0%

Summary: Homes in 46075 had an average of 47 days on market in Mar 2024, up by 70% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46075 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 35 homes were sold in 46075; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% 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 46075, IN

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