Is 46902, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46902 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 46902 was a Buyer's Market.

Key Takeaway

46902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46902, IN

How much do homes in 46902, IN cost?

Median Sold Price

$190,000

$134/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$74,050(+63.9%)

Key Takeaway

Homes in 46902 have sold for 63.9% more than they did a month ago.

Summary: The median home sold price in 46902 was $190,000 in April 2024, up 63.9% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $99.9K$185K
+85.2%
3 $132K$180.5K
+36.7%
4 -$263K
N/A
5+ --
N/A

Summary: 46902 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85.2%, 3 bedroom homes increased by 36.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 46902, IN

How many homes are available in 46902, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
58110+89.7%

Summary: The 46902 real estate market had 110 homes for sale in April 2024, a 89.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 716
+128.6%
3 3156
+80.6%
4 1733
+94.1%
5+ 35
+66.7%

Summary: The 46902 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 128.6%, 3 bedroom homes increased by 80.6%, 4 bedroom homes increased by 94.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
427+575.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46902, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 46902 in April 2024, up by 575.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for 46902, IN

How long does it take to sell a home in 46902, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
22 Days15 Days-32.6%

Summary: Homes in 46902 had an average of 15 days on market in Apr 2024, down by 32.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46902 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 27 homes were sold in 46902; 7% of homes were sold within 30 days, 4% 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 15 Days Ago

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