Is 46220, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46220 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 46220 has remained a Seller's Market.

Key Takeaway

46220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46220, IN

How much do homes in 46220, IN cost?

Median Sold Price

$335,366

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,383(+3.2%)

Key Takeaway

Homes in 46220 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 46220 was $335,366 in April 2024, up 3.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $177K$195K
+10.2%
2 $279.9K$285K
+1.8%
3 $326K$340K
+4.3%
4 $440K$460K
+4.5%
5+ $690K$660K
-4.3%

Summary: 46220 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Zip Codes

46250
+17.0%
46205
+6.0%
46220
+3.2%
46226
+1.6%
46240
-0.3%

Housing Supply in 46220, IN

How many homes are available in 46220, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
150164+9.3%

Summary: The 46220 real estate market had 164 homes for sale in April 2024, a 9.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 3747
+27.0%
3 6967
-2.9%
4 3241
+28.1%
5+ 86
-25.0%

Summary: The 46220 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 27%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4858+20.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46220, you could pay more than the asking price. 39.7% of homes here sold above asking price last month.

Summary: A total of 58 homes were sold or pending in 46220 in April 2024, up by 20.8% month-over-month. Of the 58 sold homes, 36% were sold under asking, 24% were sold at asking, and 40% were sold over asking.

Days on Market for 46220, IN

How long does it take to sell a home in 46220, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days24 Days-11.6%

Summary: Homes in 46220 had an average of 24 days on market in Apr 2024, down by 11.6% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46220 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 58 homes were sold in 46220; 83% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 10% 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 10 Days Ago

Newest Listings in 46220, IN

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