Is 46278, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46278 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 46278 has remained a Seller's Market.

Key Takeaway

46278 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46278, IN

How much do homes in 46278, IN cost?

Median Sold Price

$395,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,000(+3.9%)

Key Takeaway

Homes in 46278 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 46278 was $395,000 in March 2024, up 3.9% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $227.8K$179.5K
-21.2%
3 $273K$287.5K
+5.3%
4 $420K$460K
+9.5%
5+ $670K$540K
-19.4%

Summary: 46278 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 decreased by 21.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

46112
+11.7%
46254
+4.9%
46278
+3.9%
46077
+2.7%
46268
-0.3%

Housing Supply in 46278, IN

How many homes are available in 46278, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4038-5.0%

Summary: The 46278 real estate market had 38 homes for sale in March 2024, a 5.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 107
-30.0%
4 1616
0.0%
5+ 911
+22.2%

Summary: The 46278 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 decreased by 20%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46278, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 46278 in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for 46278, IN

How long does it take to sell a home in 46278, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
48 Days20 Days-57.9%

Summary: Homes in 46278 had an average of 20 days on market in Mar 2024, down by 57.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46278 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 12 homes were sold in 46278; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

Newest Listings in 46278, IN

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