Is 46216, 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, 46216 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | $309.7K | +26.4% |
3 Bedrooms | $339K | $332K | -2.1% |
4 Bedrooms | $269K | $390K | +45.0% |
5+ Bedrooms | $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%.
Housing Supply in 46216, IN
How many homes are available in 46216, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 15 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 28 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
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.