Is 46220, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 46220 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177K | $195K | +10.2% |
2 Bedrooms | $279.9K | $285K | +1.8% |
3 Bedrooms | $326K | $340K | +4.3% |
4 Bedrooms | $440K | $460K | +4.5% |
5+ Bedrooms | $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%.
Housing Supply in 46220, IN
How many homes are available in 46220, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 164 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 37 | 47 | +27.0% |
3 Bedrooms | 69 | 67 | -2.9% |
4 Bedrooms | 32 | 41 | +28.1% |
5+ Bedrooms | 8 | 6 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 58 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 24 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
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.