Is 46706, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46706 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 46706 was a Buyer's Market.

Key Takeaway

46706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46706, IN

How much do homes in 46706, IN cost?

Median Sold Price

$221,500

$160/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$53,500(-19.5%)

Key Takeaway

Homes in 46706 have sold for 19.5% less than they did a month ago.

Summary: The median home sold price in 46706 was $221,500 in February 2024, down 19.5% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $247.9K$166.4K
-32.9%
3 $309.3K$224K
-27.6%
4 $362.4K$308.9K
-14.8%
5+ --
N/A

Summary: 46706 housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.9%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46765
+29.7%
46748
-16.2%
46706
-19.5%
46738
-23.6%

Housing Supply in 46706, IN

How many homes are available in 46706, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7487+17.6%

Summary: The 46706 real estate market had 87 homes for sale in February 2024, a 17.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 4552
+15.6%
4 1924
+26.3%
5+ 01
+100.0%

Summary: The 46706 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 remained the same, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
927+200.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46706, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 46706 in February 2024, up by 200.0% month-over-month. Of the 26 sold homes, 54% were sold under asking, 35% were sold at asking, and 12% were sold over asking.

Days on Market for 46706, IN

We’re sorry, we don't have information for this market at the moment

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 46706, IN

Nearby Markets to 46706, IN