Is 46131, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 46131 has remained a Seller's Market.
Housing Prices in 46131, IN
How much do homes in 46131, IN cost?
Median Sold Price
$276,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46131 was $276,000 in March 2024, up 7.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.3K | $105K | -63.3% |
2 Bedrooms | $180K | $180K | 0.0% |
3 Bedrooms | $240K | $255K | +6.3% |
4 Bedrooms | $309.2K | $319.9K | +3.5% |
5+ Bedrooms | $425K | $405K | -4.7% |
Summary: 46131 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 46131, IN
How many homes are available in 46131, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 99 | -4.8% |
Summary: The 46131 real estate market had 99 homes for sale in March 2024, a 4.8% decrease 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 | 9 | 12 | +33.3% |
3 Bedrooms | 59 | 56 | -5.1% |
4 Bedrooms | 29 | 25 | -13.8% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 46131 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 increased by 33.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 31 | -11.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 46131 in March 2024, down by 11.4% month-over-month. Of the 31 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.
Days on Market for 46131, IN
How long does it take to sell a home in 46131, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 47 Days | +25.8% |
Summary: Homes in 46131 had an average of 47 days on market in Mar 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 46131; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.