Is 46205, 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, 46205 has remained a Seller's Market.
Housing Prices in 46205, IN
How much do homes in 46205, IN cost?
Median Sold Price
$294,330
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46205 was $294,330 in March 2024, up 7% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $105K | -10.6% |
2 Bedrooms | $210K | $214K | +1.9% |
3 Bedrooms | $291.1K | $309.5K | +6.3% |
4 Bedrooms | $367.7K | $430K | +16.9% |
5+ Bedrooms | $590K | $468K | -20.7% |
Summary: 46205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 20.7%.
Housing Supply in 46205, IN
How many homes are available in 46205, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
154 | 169 | +9.7% |
Summary: The 46205 real estate market had 169 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 38 | 37 | -2.6% |
3 Bedrooms | 68 | 75 | +10.3% |
4 Bedrooms | 40 | 45 | +12.5% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The 46205 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 decreased by 2.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 46205 in March 2024, up by 17.6% month-over-month. Of the 40 sold homes, 63% were sold under asking, 28% were sold at asking, and 10% were sold over asking.
Days on Market for 46205, IN
How long does it take to sell a home in 46205, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 54 Days | -13.0% |
Summary: Homes in 46205 had an average of 54 days on market in Mar 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 46205; 55% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.