Is 46118, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 46118 has remained a Seller's Market.
Housing Prices in 46118, IN
How much do homes in 46118, IN cost?
Median Sold Price
$366,250
$167/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in 46118 was $366,250 in March 2024, up 72.4% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $212.5K | - | N/A |
3 Bedrooms | - | $315K | N/A |
4 Bedrooms | - | $660K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 46118 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 46118, IN
How many homes are available in 46118, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Summary: The 46118 real estate market had 15 homes for sale in March 2024, a 66.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 46118 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 46118 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 46118, IN
How long does it take to sell a home in 46118, IN?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 Days | 56 Days | +2725.0% |
Summary: Homes in 46118 had an average of 56 days on market in Mar 2024, up by 2725% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 46118; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.