Is 46221, 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, 46221 has remained a Seller's Market.
Housing Prices in 46221, IN
How much do homes in 46221, IN cost?
Median Sold Price
$217,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46221 was $217,500 in March 2024, up 3.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | - | N/A |
2 Bedrooms | $110K | $134.2K | +22.0% |
3 Bedrooms | $210K | $220K | +4.8% |
4 Bedrooms | $252.5K | $264.9K | +4.9% |
5+ Bedrooms | $252.5K | $255K | +1.0% |
Summary: 46221 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 22%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 1%.
Housing Supply in 46221, IN
How many homes are available in 46221, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 87 | -16.3% |
Summary: The 46221 real estate market had 87 homes for sale in March 2024, a 16.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 18 | 14 | -22.2% |
3 Bedrooms | 57 | 47 | -17.5% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 46221 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 22.2%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 20 | -44.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 46221 in March 2024, down by 44.4% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 46221, IN
How long does it take to sell a home in 46221, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 29 Days | -27.1% |
Summary: Homes in 46221 had an average of 29 days on market in Mar 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 46221; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.