Is 46074, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 46074 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $324.9K | $379K | +16.6% |
3 Bedrooms | $385.3K | $386.8K | 0.4% |
4 Bedrooms | $487.8K | $504.9K | +3.5% |
5+ Bedrooms | $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%.
Housing Supply in 46074, IN
How many homes are available in 46074, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
290 | 311 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 29 | 36 | +24.1% |
3 Bedrooms | 115 | 115 | 0.0% |
4 Bedrooms | 93 | 101 | +8.6% |
5+ Bedrooms | 53 | 59 | +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 2024 | May 2024 | CHANGE |
---|---|---|
77 | 77 | 0.0% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 23 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
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.