Is 46217, 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, 46217 has remained a Seller's Market.
Key Takeaway
46217 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46217, IN
How much do homes in 46217, IN cost?
Median Sold Price
$255,698
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 46217 has remained the same since last year.
Summary: The median home sold price in 46217 was $255,698 in March 2024, up 0.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $212K | +11.6% |
| 3 Bedrooms | $245K | $241.5K | -1.4% |
| 4 Bedrooms | $300K | $294.4K | -1.8% |
| 5+ Bedrooms | $424.5K | $391.5K | -7.8% |
Summary: 46217 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in 46217, IN
How many homes are available in 46217, IN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 107 | 131 | +22.4% |
Summary: The 46217 real estate market had 131 homes for sale in March 2024, a 22.4% 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 | 8 | 14 | +75.0% |
| 3 Bedrooms | 60 | 71 | +18.3% |
| 4 Bedrooms | 28 | 37 | +32.1% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 46217 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 75%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 32 | +39.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46217, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 46217 in March 2024, up by 39.1% month-over-month. Of the 32 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for 46217, IN
How long does it take to sell a home in 46217, IN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 55 Days | +30.5% |
Summary: Homes in 46217 had an average of 55 days on market in Mar 2024, up by 30.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 46217 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 46217; 53% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.