Is 46203, 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, 46203 has remained a Seller's Market.
Housing Prices in 46203, IN
How much do homes in 46203, IN cost?
Median Sold Price
$180,303
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46203 was $180,303 in March 2024, down 1.1% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $65.5K | -51.5% |
2 Bedrooms | $145.6K | $149.2K | +2.5% |
3 Bedrooms | $193.1K | $199.9K | +3.5% |
4 Bedrooms | $295K | $250K | -15.3% |
5+ Bedrooms | $298K | $299.5K | 0.5% |
Summary: 46203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 46203, IN
How many homes are available in 46203, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
232 | 252 | +8.6% |
Summary: The 46203 real estate market had 252 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 72 | 74 | +2.8% |
3 Bedrooms | 110 | 122 | +10.9% |
4 Bedrooms | 37 | 43 | +16.2% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 46203 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 2.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 63 | +31.3% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in 46203 in March 2024, up by 31.3% month-over-month. Of the 63 sold homes, 48% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for 46203, IN
How long does it take to sell a home in 46203, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 44 Days | -39.5% |
Summary: Homes in 46203 had an average of 44 days on market in Mar 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in 46203; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.