Is 46241, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46241 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46241 has remained a Seller's Market.

Key Takeaway

46241 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46241, IN

How much do homes in 46241, IN cost?

Median Sold Price

$170,255

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,305(+9.9%)

Key Takeaway

Homes in 46241 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 46241 was $170,255 in March 2024, up 9.9% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $95K$74K
-22.1%
2 $111.5K$129.6K
+16.3%
3 $175K$179.9K
+2.9%
4 $180K$192.5K
+6.9%
5+ $262.7K$230K
-12.5%

Summary: 46241 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 12.5%.

Median Sold Price Compared To Nearby Zip Codes

46241
+9.9%
46214
+9.1%
46231
+5.0%
46221
+3.1%
46224
+2.4%

Housing Supply in 46241, IN

How many homes are available in 46241, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7784+9.1%

Summary: The 46241 real estate market had 84 homes for sale in March 2024, a 9.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 3031
+3.3%
3 3743
+16.2%
4 109
-10.0%
5+ 00
0.0%

Summary: The 46241 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1729+70.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46241, expect to pay close to the asking price. 37.9% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in 46241 in March 2024, up by 70.6% month-over-month. Of the 29 sold homes, 24% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for 46241, IN

How long does it take to sell a home in 46241, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
43 Days12 Days-70.3%

Summary: Homes in 46241 had an average of 12 days on market in Mar 2024, down by 70.3% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46241 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 29 homes were sold in 46241; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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 26 Days Ago

Newest Listings in 46241, IN

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