Is 46112, 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, 46112 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $137K | N/A |
2 Bedrooms | $217K | $270K | +24.4% |
3 Bedrooms | $281.3K | $305K | +8.4% |
4 Bedrooms | $390K | $424.8K | +8.9% |
5+ Bedrooms | $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%.
Housing Supply in 46112, IN
How many homes are available in 46112, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
177 | 186 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 71 | 82 | +15.5% |
4 Bedrooms | 56 | 58 | +3.6% |
5+ Bedrooms | 29 | 24 | -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 2024 | May 2024 | CHANGE |
---|---|---|
43 | 49 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 23 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
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.