Is 46112, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46112 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46112 has remained a Seller's Market.

Key Takeaway

46112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46112, IN

How much do homes in 46112, IN cost?

Median Sold Price

$354,960

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$37,126(+11.7%)

Key Takeaway

Homes in 46112 have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in 46112 was $354,960 in March 2024, up 11.7% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$100K
N/A
2 $215K$253.5K
+17.9%
3 $280K$300K
+7.1%
4 $390K$416.9K
+6.9%
5+ $448K$475K
+6.0%

Summary: 46112 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 17.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Zip Codes

46112
+11.7%
46278
+3.9%
46167
+2.9%
46123
+1.8%
46234
-0.4%

Housing Supply in 46112, IN

How many homes are available in 46112, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
131122-6.9%

Summary: The 46112 real estate market had 122 homes for sale in March 2024, a 6.9% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1717
0.0%
3 5248
-7.7%
4 4437
-15.9%
5+ 1820
+11.1%

Summary: The 46112 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 remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4235-16.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46112, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 46112 in March 2024, down by 16.7% month-over-month. Of the 35 sold homes, 51% were sold under asking, 31% were sold at asking, and 17% were sold over asking.

Days on Market for 46112, IN

How long does it take to sell a home in 46112, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days38 Days-19.5%

Summary: Homes in 46112 had an average of 38 days on market in Mar 2024, down by 19.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46112 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 35 homes were sold in 46112; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% 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 26 Days Ago

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