Is 46112, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46112 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 46112 has remained a Seller's Market.

Key Takeaway

46112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46112, IN

How much do homes in 46112, IN cost?

Median Sold Price

$365,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+15.9%)

Key Takeaway

Homes in 46112 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 46112 was $365,000 in May 2024, up 15.9% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$137K
N/A
2 $217K$270K
+24.4%
3 $281.3K$305K
+8.4%
4 $390K$424.8K
+8.9%
5+ $475K$466.5K
-1.8%

Summary: 46112 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 24.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

46112
+15.9%
46278
+5.3%
46167
+2.9%
46123
+2.6%
46234
+2.4%

Housing Supply in 46112, IN

How many homes are available in 46112, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
177186+5.1%

Summary: The 46112 real estate market had 186 homes for sale in May 2024, a 5.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2021
+5.0%
3 7182
+15.5%
4 5658
+3.6%
5+ 2924
-17.2%

Summary: The 46112 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 5%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 17.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4349+14.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46112, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 46112 in May 2024, up by 14.0% month-over-month. Of the 49 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% were sold over asking.

Days on Market for 46112, IN

How long does it take to sell a home in 46112, IN?

Average Sale Time

May 2023May 2024CHANGE
26 Days23 Days-12.3%

Summary: Homes in 46112 had an average of 23 days on market in May 2024, down by 12.3% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46112 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 49 homes were sold in 46112; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% 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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