Is 46241, 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, 46241 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $74K | -22.1% |
2 Bedrooms | $111.5K | $129.6K | +16.3% |
3 Bedrooms | $175K | $179.9K | +2.9% |
4 Bedrooms | $180K | $192.5K | +6.9% |
5+ Bedrooms | $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%.
Housing Supply in 46241, IN
How many homes are available in 46241, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 84 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 30 | 31 | +3.3% |
3 Bedrooms | 37 | 43 | +16.2% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 29 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 12 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
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.