Is 46107, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46107 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 46107 has remained a Seller's Market.

Key Takeaway

46107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46107, IN

How much do homes in 46107, IN cost?

Median Sold Price

$189,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,000(+2.2%)

Key Takeaway

Homes in 46107 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 46107 was $189,000 in April 2024, up 2.2% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$94.9K
N/A
2 $150K$159.9K
+6.6%
3 $190K$195.5K
+2.9%
4 $214K$237.4K
+11.0%
5+ $249.9K$255K
+2.0%

Summary: 46107 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Zip Codes

46203
+7.6%
46107
+2.2%
46237
-0.8%

Housing Supply in 46107, IN

How many homes are available in 46107, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3433-2.9%

Summary: The 46107 real estate market had 33 homes for sale in April 2024, a 2.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 1417
+21.4%
4 65
-16.7%
5+ 40
-100.0%

Summary: The 46107 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
179-47.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46107, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 46107 in April 2024, down by 47.1% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for 46107, IN

How long does it take to sell a home in 46107, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days32 Days+17.2%

Summary: Homes in 46107 had an average of 32 days on market in Apr 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46107 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in 46107; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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 1 Day Ago

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