Is 46201, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46201 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46201 has remained a Seller's Market.

Key Takeaway

46201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46201, IN

How much do homes in 46201, IN cost?

Median Sold Price

$178,222

$96/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$361(-0.2%)

Key Takeaway

The sold price of homes in 46201 has remained the same since last year.

Summary: The median home sold price in 46201 was $178,222 in March 2024, down 0.2% from last year, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $57.9K$65.9K
+13.8%
2 $147.5K$146K
-1.0%
3 $205.3K$200K
-2.6%
4 $255K$219.9K
-13.8%
5+ $322.5K$227.5K
-29.5%

Summary: 46201 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 29.5%.

Median Sold Price Compared To Nearby Zip Codes

46219
+3.1%
46218
+2.9%
46202
+2.4%
46201
-0.2%
46203
-1.1%

Housing Supply in 46201, IN

How many homes are available in 46201, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
221232+5.0%

Summary: The 46201 real estate market had 232 homes for sale in March 2024, a 5.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 54
-20.0%
2 5656
0.0%
3 103120
+16.5%
4 5347
-11.3%
5+ 45
+25.0%

Summary: The 46201 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4446+4.5%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46201, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 46201 in March 2024, up by 4.5% month-over-month. Of the 46 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.

Days on Market for 46201, IN

How long does it take to sell a home in 46201, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
50 Days75 Days+49.4%

Summary: Homes in 46201 had an average of 75 days on market in Mar 2024, up by 49.4% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46201 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 46 homes were sold in 46201; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 28% 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 26 Days Ago

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