Is 46204, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46204 is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, 46204 was a Seller's Market.

Key Takeaway

46204 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46204, IN

How much do homes in 46204, IN cost?

Median Sold Price

$345,750

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$16,750(+5.1%)

Key Takeaway

Homes in 46204 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 46204 was $345,750 in May 2024, up 5.1% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $246.2K$227.7K
-7.5%
2 $335.5K$345.7K
+3.1%
3 $540K$585K
+8.3%
4 $724.5K$1.0M
+48.7%
5+ --
N/A

Summary: 46204 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 48.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46203
+11.3%
46225
+5.6%
46204
+5.1%
46202
+4.0%

Housing Supply in 46204, IN

How many homes are available in 46204, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5460+11.1%

Summary: The 46204 real estate market had 60 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1415
+7.1%
2 2933
+13.8%
3 1112
+9.1%
4 00
0.0%
5+ 00
0.0%

Summary: The 46204 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46204, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 46204 in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 46204, IN

How long does it take to sell a home in 46204, IN?

Average Sale Time

May 2023May 2024CHANGE
29 Days88 Days+199.2%

Summary: Homes in 46204 had an average of 88 days on market in May 2024, up by 199.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 46204 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 7 homes were sold in 46204; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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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