Is 46075, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46075 is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, 46075 was a Neutral Market.

Key Takeaway

46075 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46075, IN

How much do homes in 46075, IN cost?

Median Sold Price

$342,833

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$6,166(-1.8%)

Key Takeaway

Homes in 46075 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 46075 was $342,833 in May 2024, down 1.8% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $321K$302K
-5.9%
3 $310K$315K
+1.6%
4 $389.9K$380K
-2.6%
5+ $475K$423.3K
-10.9%

Summary: 46075 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 decreased by 5.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Zip Codes

46069
+35.8%
46112
+15.9%
46052
+10.7%
46075
-1.8%
46077
-2.7%

Housing Supply in 46075, IN

How many homes are available in 46075, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9588-7.4%

Summary: The 46075 real estate market had 88 homes for sale in May 2024, a 7.4% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 4535
-22.2%
4 2426
+8.3%
5+ 1513
-13.3%

Summary: The 46075 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 27.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2635+34.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46075, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 46075 in May 2024, up by 34.6% month-over-month. Of the 35 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% were sold over asking.

Days on Market for 46075, IN

How long does it take to sell a home in 46075, IN?

Average Sale Time

May 2023May 2024CHANGE
53 Days40 Days-25.6%

Summary: Homes in 46075 had an average of 40 days on market in May 2024, down by 25.6% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46075 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 35 homes were sold in 46075; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% 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

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