Is 46202, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46202 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 46202 was a Seller's Market.

Key Takeaway

46202 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 46202, IN

How much do homes in 46202, IN cost?

Median Sold Price

$398,130

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,396(+2.4%)

Key Takeaway

Homes in 46202 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 46202 was $398,130 in March 2024, up 2.4% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $212.5K$222.5K
+4.7%
2 $350K$349.9K
0%
3 $395K$422K
+6.8%
4 $585K$595K
+1.7%
5+ $695K$782.4K
+12.6%

Summary: 46202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 12.6%.

Median Sold Price Compared To Nearby Zip Codes

46225
+3.5%
46204
+2.9%
46208
+2.5%
46202
+2.4%
46201
-0.2%

Housing Supply in 46202, IN

How many homes are available in 46202, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
149169+13.4%

Summary: The 46202 real estate market had 169 homes for sale in March 2024, a 13.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1313
0.0%
2 4153
+29.3%
3 5762
+8.8%
4 3033
+10.0%
5+ 88
0.0%

Summary: The 46202 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 29.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1128+154.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46202, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 46202 in March 2024, up by 154.5% month-over-month. Of the 28 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.

Days on Market for 46202, IN

How long does it take to sell a home in 46202, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
62 Days77 Days+23.5%

Summary: Homes in 46202 had an average of 77 days on market in Mar 2024, up by 23.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46202 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 28 homes were sold in 46202; 54% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 36% 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 30 Days Ago

Newest Listings in 46202, IN

Nearby Markets to 46202, IN