Is 46113, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 46113 has remained a Seller's Market.
Key Takeaway
46113 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46113, IN
How much do homes in 46113, IN cost?
Median Sold Price
$275,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 46113 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 46113 was $275,000 in April 2024, up 1.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $223.8K | $224.5K | 0.3% |
| 3 Bedrooms | $254.9K | $259K | +1.6% |
| 4 Bedrooms | $315K | $299.9K | -4.8% |
| 5+ Bedrooms | $382.4K | $350K | -8.5% |
Summary: 46113 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 0.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in 46113, IN
How many homes are available in 46113, IN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Summary: The 46113 real estate market had 52 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 46113 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 decreased by 33.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46113, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 46113 in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for 46113, IN
How long does it take to sell a home in 46113, IN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +9.2% |
Summary: Homes in 46113 had an average of 27 days on market in Apr 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 46113 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 46113; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.