Is 46218, 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, 46218 has remained a Seller's Market.
Housing Prices in 46218, IN
How much do homes in 46218, IN cost?
Median Sold Price
$115,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46218 was $115,000 in March 2024, up 2.9% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $22.8K | $43.7K | +91.0% |
2 Bedrooms | $95K | $95K | 0.0% |
3 Bedrooms | $118.5K | $130K | +9.7% |
4 Bedrooms | $160K | $142.7K | -10.8% |
5+ Bedrooms | $334.9K | $122.5K | -63.4% |
Summary: 46218 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91%, 2 bedroom homes did not change, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 63.4%.
Housing Supply in 46218, IN
How many homes are available in 46218, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
143 | 157 | +9.8% |
Summary: The 46218 real estate market had 157 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 60 | 62 | +3.3% |
3 Bedrooms | 69 | 83 | +20.3% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 46218 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 45 | +40.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 46218 in March 2024, up by 40.6% month-over-month. Of the 45 sold homes, 58% were sold under asking, 22% were sold at asking, and 20% were sold over asking.
Days on Market for 46218, IN
How long does it take to sell a home in 46218, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 48 Days | -9.7% |
Summary: Homes in 46218 had an average of 48 days on market in Mar 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in 46218; 58% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.