Is 46202, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 46202 was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $222.5K | +4.7% |
2 Bedrooms | $350K | $349.9K | 0% |
3 Bedrooms | $395K | $422K | +6.8% |
4 Bedrooms | $585K | $595K | +1.7% |
5+ Bedrooms | $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%.
Housing Supply in 46202, IN
How many homes are available in 46202, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
149 | 169 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 41 | 53 | +29.3% |
3 Bedrooms | 57 | 62 | +8.8% |
4 Bedrooms | 30 | 33 | +10.0% |
5+ Bedrooms | 8 | 8 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 28 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 77 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
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.