Is 46225, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46225 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 46225 has remained a Seller's Market.

Key Takeaway

46225 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$12,000(+6.2%)

Key Takeaway

Homes in 46225 have sold for 6.2% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $155.5K-
N/A
2 $166.5K$180K
+8.1%
3 $210K$227.5K
+8.3%
4 $243K$267.5K
+10.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

46203
+7.6%
46225
+6.2%
46202
+2.3%
46204
+1.9%
46222
0.2%

Housing Supply in 46225, IN

How many homes are available in 46225, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6674+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

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1315
+15.4%
3 3437
+8.8%
4 1517
+13.3%
5+ 33
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 2024Apr 2024CHANGE
13130.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46225, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
34 Days94 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46225 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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