Is 46254, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46254 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46254 has remained a Seller's Market.

Key Takeaway

46254 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46254, IN

How much do homes in 46254, IN cost?

Median Sold Price

$215,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+4.9%)

Key Takeaway

Homes in 46254 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 46254 was $215,000 in March 2024, up 4.9% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$245K
N/A
2 $166.6K$175K
+5.0%
3 $218.2K$225K
+3.1%
4 $260K$285K
+9.6%
5+ $464.9K$290K
-37.6%

Summary: 46254 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 5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 37.6%.

Median Sold Price Compared To Nearby Zip Codes

46214
+9.1%
46254
+4.9%
46278
+3.9%
46224
+2.4%
46234
-0.4%

Housing Supply in 46254, IN

How many homes are available in 46254, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8081+1.3%

Summary: The 46254 real estate market had 81 homes for sale in March 2024, a 1.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2431
+29.2%
3 4238
-9.5%
4 119
-18.2%
5+ 33
0.0%

Summary: The 46254 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 29.2%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1831+72.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46254, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 46254 in March 2024, up by 72.2% month-over-month. Of the 31 sold homes, 48% were sold under asking, 35% were sold at asking, and 16% were sold over asking.

Days on Market for 46254, IN

How long does it take to sell a home in 46254, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
22 Days34 Days+48.4%

Summary: Homes in 46254 had an average of 34 days on market in Mar 2024, up by 48.4% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46254 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 31 homes were sold in 46254; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% 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 28 Days Ago

Newest Listings in 46254, IN

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