Is 46148, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46148 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 46148 has remained a Seller's Market.

Key Takeaway

46148 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46148, IN

How much do homes in 46148, IN cost?

Median Sold Price

$186,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$32,550(+21.2%)

Key Takeaway

Homes in 46148 have sold for 21.2% more than they did a year ago.

Summary: The median home sold price in 46148 was $186,000 in April 2024, up 21.2% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $25K$151K
+504.0%
2 $124K$150K
+21.0%
3 $163.4K$175K
+7.1%
4 $225K$244K
+8.4%
5+ $475K$287K
-39.6%

Summary: 46148 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 504%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 39.6%.

Median Sold Price Compared To Nearby Zip Codes

46148
+21.2%
47385
+9.7%

Housing Supply in 46148, IN

How many homes are available in 46148, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3740+8.1%

Summary: The 46148 real estate market had 40 homes for sale in April 2024, a 8.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1916
-15.8%
3 911
+22.2%
4 25
+150.0%
5+ 56
+20.0%

Summary: The 46148 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 15.8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46148, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 46148 in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for 46148, IN

How long does it take to sell a home in 46148, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
80 Days54 Days-32.5%

Summary: Homes in 46148 had an average of 54 days on market in Apr 2024, down by 32.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46148 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 10 homes were sold in 46148; 50% of homes were sold within 30 days, 20% 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 4 Days Ago

Newest Listings in 46148, IN

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