Is 46120, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46120 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 46120 was a Seller's Market.

Key Takeaway

46120 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 46120, IN

How much do homes in 46120, IN cost?

Median Sold Price

$235,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$49,050(+26.4%)

Key Takeaway

Homes in 46120 have sold for 26.4% more than they did a year ago.

Summary: The median home sold price in 46120 was $235,000 in March 2024, up 26.4% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $103K$100K
-2.9%
2 $149.9K$124.7K
-16.8%
3 $170K$239K
+40.6%
4 $265.5K$307.4K
+15.8%
5+ $724.5K$412.5K
-43.1%

Summary: 46120 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 40.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 43.1%.

Median Sold Price Compared To Nearby Zip Codes

46120
+26.4%
47868
-1.3%

Housing Supply in 46120, IN

How many homes are available in 46120, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
12120.0%

Summary: The 46120 real estate market had 12 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 77
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 46120 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46120, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 46120 in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 46120, IN

How long does it take to sell a home in 46120, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
59 Days4 Days-92.5%

Summary: Homes in 46120 had an average of 4 days on market in Mar 2024, down by 92.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46120 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in 46120; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in 46120, IN

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