Is 46280, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46280 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 46280 was a Seller's Market.

Key Takeaway

46280 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 46280, IN

How much do homes in 46280, IN cost?

Median Sold Price

$340,044

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$40,044(+13.3%)

Key Takeaway

Homes in 46280 have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in 46280 was $340,044 in February 2024, up 13.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $197.5K$202.4K
+2.5%
2 $288.5K$327K
+13.3%
3 $298.3K$321.2K
+7.7%
4 $362.5K$447.5K
+23.4%
5+ $515K$485K
-5.8%

Summary: 46280 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

46280
+13.3%
46032
+7.4%
46033
+1.7%
46240
-1.5%

Housing Supply in 46280, IN

How many homes are available in 46280, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2021+5.0%

Summary: The 46280 real estate market had 21 homes for sale in February 2024, a 5.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1414
0.0%
4 33
0.0%
5+ 22
0.0%

Summary: The 46280 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46280, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 46280 in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 46280, IN

How long does it take to sell a home in 46280, IN?

Average Sale Time

Feb 2023Feb 2024CHANGE
9 Days89 Days+811.9%

Summary: Homes in 46280 had an average of 89 days on market in Feb 2024, up by 811.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46280 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in 46280; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 27 Days Ago

Newest Listings in 46280, IN

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