Is 46214, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46214 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46214 has remained a Seller's Market.

Key Takeaway

46214 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46214, IN

How much do homes in 46214, IN cost?

Median Sold Price

$239,966

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,966(+9.1%)

Key Takeaway

Homes in 46214 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 46214 was $239,966 in March 2024, up 9.1% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $147.3K$140.5K
-4.6%
2 $170K$186K
+9.4%
3 $225K$240K
+6.7%
4 $268K$275K
+2.6%
5+ $312.5K$373.5K
+19.5%

Summary: 46214 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 19.5%.

Median Sold Price Compared To Nearby Zip Codes

46241
+9.9%
46214
+9.1%
46254
+4.9%
46224
+2.4%
46234
-0.4%

Housing Supply in 46214, IN

How many homes are available in 46214, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7048-31.4%

Summary: The 46214 real estate market had 48 homes for sale in March 2024, a 31.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1812
-33.3%
3 2625
-3.8%
4 199
-52.6%
5+ 72
-71.4%

Summary: The 46214 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 33.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 52.6%, and 5+ bedroom homes decreased by 71.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3121-32.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46214, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 46214 in March 2024, down by 32.3% month-over-month. Of the 21 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% were sold over asking.

Days on Market for 46214, IN

How long does it take to sell a home in 46214, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
20 Days37 Days+86.3%

Summary: Homes in 46214 had an average of 37 days on market in Mar 2024, up by 86.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46214 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 21 homes were sold in 46214; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% 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

Newest Listings in 46214, IN

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