Is 46254, 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, 46254 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $245K | N/A |
2 Bedrooms | $166.6K | $175K | +5.0% |
3 Bedrooms | $218.2K | $225K | +3.1% |
4 Bedrooms | $260K | $285K | +9.6% |
5+ Bedrooms | $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%.
Housing Supply in 46254, IN
How many homes are available in 46254, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 81 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 31 | +29.2% |
3 Bedrooms | 42 | 38 | -9.5% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 3 | 3 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 31 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 34 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
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.