Is 46151, 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, 46151 has remained a Seller's Market.
Housing Prices in 46151, IN
How much do homes in 46151, IN cost?
Median Sold Price
$258,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46151 was $258,500 in March 2024, up 3.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $88K | +0.6% |
2 Bedrooms | $160K | $169K | +5.6% |
3 Bedrooms | $229.7K | $250K | +8.8% |
4 Bedrooms | $360K | $342.5K | -4.9% |
5+ Bedrooms | $445K | $535K | +20.2% |
Summary: 46151 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 20.2%.
Housing Supply in 46151, IN
How many homes are available in 46151, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 93 | -2.1% |
Summary: The 46151 real estate market had 93 homes for sale in March 2024, a 2.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 9 | -25.0% |
3 Bedrooms | 48 | 46 | -4.2% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 46151 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 25%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 46151 in March 2024, down by 6.9% month-over-month. Of the 27 sold homes, 48% were sold under asking, 30% were sold at asking, and 22% were sold over asking.
Days on Market for 46151, IN
How long does it take to sell a home in 46151, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 48 Days | +11.7% |
Summary: Homes in 46151 had an average of 48 days on market in Mar 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 46151; 67% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.