Is 46240, 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, 46240 has remained a Seller's Market.
Housing Prices in 46240, IN
How much do homes in 46240, IN cost?
Median Sold Price
$334,966
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 46240 was $334,966 in March 2024, down 1.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $192.5K | +113.9% |
2 Bedrooms | $247.5K | $240K | -3.0% |
3 Bedrooms | $330K | $327.4K | -0.8% |
4 Bedrooms | $415K | $540K | +30.1% |
5+ Bedrooms | $777.5K | $840.1K | +8.1% |
Summary: 46240 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.9%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in 46240, IN
How many homes are available in 46240, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 54 | +3.8% |
Summary: The 46240 real estate market had 54 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 46240 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 46240 in March 2024, down by 27.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for 46240, IN
How long does it take to sell a home in 46240, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 63 Days | +53.3% |
Summary: Homes in 46240 had an average of 63 days on market in Mar 2024, up by 53.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 46240; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.