Is 46161, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46161 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 46161 was a Seller's Market.

Key Takeaway

46161 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 46161, IN

How much do homes in 46161, IN cost?

Median Sold Price

$210,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,000(+5.5%)

Key Takeaway

Homes in 46161 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 46161 was $210,000 in April 2024, up 5.5% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $130K$146K
+12.3%
3 $205K$232.4K
+13.4%
4 $188.7K$492K
+160.7%
5+ $300K-
N/A

Summary: 46161 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 160.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46130
+31.3%
46161
+5.5%

Housing Supply in 46161, IN

How many homes are available in 46161, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
46+50.0%

Summary: The 46161 real estate market had 6 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 46
+50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 46161 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46161, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 46161 in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 46161, IN

How long does it take to sell a home in 46161, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
92 Days7 Days-92.4%

Summary: Homes in 46161 had an average of 7 days on market in Apr 2024, down by 92.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 46161 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in 46161; 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 1 Day Ago

Newest Listings in 46161, IN

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