Is 46216, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46216 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 46216 has remained a Seller's Market.

Key Takeaway

46216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46216, IN

How much do homes in 46216, IN cost?

Median Sold Price

$334,500

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$55,500(+19.9%)

Key Takeaway

Homes in 46216 have sold for 19.9% more than they did a year ago.

Summary: The median home sold price in 46216 was $334,500 in May 2024, up 19.9% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $245K$309.7K
+26.4%
3 $339K$332K
-2.1%
4 $269K$390K
+45.0%
5+ $595K$772.5K
+29.8%

Summary: 46216 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 26.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Zip Codes

46216
+19.9%
46256
+4.1%
46236
+3.1%
46226
+1.5%

Housing Supply in 46216, IN

How many homes are available in 46216, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1715-11.8%

Summary: The 46216 real estate market had 15 homes for sale in May 2024, a 11.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 119
-18.2%
4 11
0.0%
5+ 13
+200.0%

Summary: The 46216 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 decreased by 50%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46216, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 46216 in May 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 46216, IN

How long does it take to sell a home in 46216, IN?

Average Sale Time

May 2023May 2024CHANGE
4 Days28 Days+612.5%

Summary: Homes in 46216 had an average of 28 days on market in May 2024, up by 612.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46216 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in 46216; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in 46216, IN

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