Is 46236, 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, 46236 has remained a Seller's Market.
Key Takeaway
46236 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46236, IN
How much do homes in 46236, IN cost?
Median Sold Price
$335,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 46236 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 46236 was $335,000 in March 2024, up 3.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $163.5K | N/A |
| 2 Bedrooms | $187K | $192.7K | +3.1% |
| 3 Bedrooms | $266K | $269.9K | +1.5% |
| 4 Bedrooms | $395K | $382.5K | -3.2% |
| 5+ Bedrooms | $675K | $659K | -2.4% |
Summary: 46236 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 3.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in 46236, IN
How many homes are available in 46236, IN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 85 | +13.3% |
Summary: The 46236 real estate market had 85 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 26 | 38 | +46.2% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 46236 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 33.3%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46236, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 46236 in March 2024, down by 20.0% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for 46236, IN
How long does it take to sell a home in 46236, IN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -7.5% |
Summary: Homes in 46236 had an average of 23 days on market in Mar 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 46236 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 46236; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.