Is 46234, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46234 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 46234 has remained a Seller's Market.

Key Takeaway

46234 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46234, IN

How much do homes in 46234, IN cost?

Median Sold Price

$275,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,000(+1.9%)

Key Takeaway

Homes in 46234 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 46234 was $275,000 in April 2024, up 1.9% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $62.6K$301.5K
+381.7%
2 $213K$195.9K
-8.0%
3 $260.3K$250K
-4.0%
4 $311K$310K
-0.3%
5+ $421K$355K
-15.7%

Summary: 46234 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 381.7%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 15.7%.

Median Sold Price Compared To Nearby Zip Codes

46112
+13.7%
46214
+7.5%
46254
+5.1%
46278
+3.3%
46234
+1.9%

Housing Supply in 46234, IN

How many homes are available in 46234, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
107102-4.7%

Summary: The 46234 real estate market had 102 homes for sale in April 2024, a 4.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 127
-41.7%
3 4947
-4.1%
4 2528
+12.0%
5+ 2020
0.0%

Summary: The 46234 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3632-11.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46234, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 46234 in April 2024, down by 11.1% month-over-month. Of the 32 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for 46234, IN

How long does it take to sell a home in 46234, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days34 Days+56.8%

Summary: Homes in 46234 had an average of 34 days on market in Apr 2024, up by 56.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46234 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 32 homes were sold in 46234; 69% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% 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 9 Days Ago

Newest Listings in 46234, IN

Nearby Markets to 46234, IN