Is 46278, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46278 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 46278 has remained a Seller's Market.

Key Takeaway

46278 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$20,000(+5.3%)

Key Takeaway

Homes in 46278 have sold for 5.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $228.1K$174.5K
-23.5%
3 $273K$308K
+12.8%
4 $418.5K$456.5K
+9.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

46112
+15.9%
46254
+5.6%
46278
+5.3%
46268
0.0%
46077
-2.7%

Housing Supply in 46278, IN

How many homes are available in 46278, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
45450.0%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1412
-14.3%
4 1519
+26.7%
5+ 1210
-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 2024May 2024CHANGE
1217+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46278, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

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 2023May 2024CHANGE
15 Days11 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46278 are selling fast, if you're buying plan to act quickly.

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.

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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