Is 46225, 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, 46225 has remained a Seller's Market.
Housing Prices in 46225, IN
How much do homes in 46225, IN cost?
Median Sold Price
$205,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 46225 was $205,000 in April 2024, up 6.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155.5K | - | N/A |
2 Bedrooms | $166.5K | $180K | +8.1% |
3 Bedrooms | $210K | $227.5K | +8.3% |
4 Bedrooms | $243K | $267.5K | +10.1% |
5+ Bedrooms | $410K | $182K | -55.6% |
Summary: 46225 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 55.6%.
Housing Supply in 46225, IN
How many homes are available in 46225, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 74 | +12.1% |
Summary: The 46225 real estate market had 74 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 46225 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 46225 in April 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for 46225, IN
How long does it take to sell a home in 46225, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 94 Days | +173.9% |
Summary: Homes in 46225 had an average of 94 days on market in Apr 2024, up by 173.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 46225; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.