Is 46074, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46074 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 46074 has remained a Seller's Market.

Key Takeaway

46074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46074, IN

How much do homes in 46074, IN cost?

Median Sold Price

$460,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$4,606(-1.0%)

Key Takeaway

Homes in 46074 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 46074 was $460,000 in May 2024, down 1% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $324.9K$379K
+16.6%
3 $385.3K$386.8K
0.4%
4 $487.8K$504.9K
+3.5%
5+ $626.6K$637.5K
+1.7%

Summary: 46074 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

46032
+12.8%
46033
+8.8%
46062
-0.9%
46074
-1.0%
46077
-2.7%

Housing Supply in 46074, IN

How many homes are available in 46074, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
290311+7.2%

Summary: The 46074 real estate market had 311 homes for sale in May 2024, a 7.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2936
+24.1%
3 115115
0.0%
4 93101
+8.6%
5+ 5359
+11.3%

Summary: The 46074 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 24.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 11.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
77770.0%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46074, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 77 homes were sold or pending in 46074 in May 2024, the same as the previous month. Of the 77 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.

Days on Market for 46074, IN

How long does it take to sell a home in 46074, IN?

Average Sale Time

May 2023May 2024CHANGE
29 Days23 Days-17.7%

Summary: Homes in 46074 had an average of 23 days on market in May 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46074 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 77 homes were sold in 46074; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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 1 Day Ago

Newest Listings in 46074, IN

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