Is 46226, 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, 46226 has remained a Seller's Market.
Key Takeaway
46226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46226, IN
How much do homes in 46226, IN cost?
Median Sold Price
$167,483
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 46226 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 46226 was $167,483 in March 2024, up 1.5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $64.9K | N/A |
| 2 Bedrooms | $149K | $145.5K | -2.3% |
| 3 Bedrooms | $150.3K | $155.5K | +3.4% |
| 4 Bedrooms | $209K | $216.5K | +3.6% |
| 5+ Bedrooms | $482.6K | $469K | -2.8% |
Summary: 46226 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 decreased by 2.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 46226, IN
How many homes are available in 46226, IN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 112 | -5.1% |
Summary: The 46226 real estate market had 112 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 67 | 66 | -1.5% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 46226 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 increased by 7.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46226, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in 46226 in March 2024, up by 23.3% month-over-month. Of the 37 sold homes, 32% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for 46226, IN
How long does it take to sell a home in 46226, IN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 48 Days | -5.5% |
Summary: Homes in 46226 had an average of 48 days on market in Mar 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 46226 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in 46226; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.