Is 46278, 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, 46278 has remained a Seller's Market.
Housing Prices in 46278, IN
How much do homes in 46278, IN cost?
Median Sold Price
$395,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 46278 was $395,500 in May 2024, up 5.3% 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 | $228.1K | $174.5K | -23.5% |
3 Bedrooms | $273K | $308K | +12.8% |
4 Bedrooms | $418.5K | $456.5K | +9.1% |
5+ Bedrooms | $660K | $546K | -17.3% |
Summary: 46278 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 decreased by 23.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 17.3%.
Housing Supply in 46278, IN
How many homes are available in 46278, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 45 | 0.0% |
Summary: The 46278 real estate market had 45 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 46278 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 46278 in May 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for 46278, IN
How long does it take to sell a home in 46278, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 11 Days | -30.5% |
Summary: Homes in 46278 had an average of 11 days on market in May 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in 46278; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.