Is 46011, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46011 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46011 has remained a Seller's Market.

Key Takeaway

46011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46011, IN

How much do homes in 46011, IN cost?

Median Sold Price

$199,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,100(+2.1%)

Key Takeaway

Homes in 46011 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 46011 was $199,000 in October 2024, up 2.1% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $28K-
N/A
2 $158.5K$139.9K
-11.7%
3 $185K$180K
-2.7%
4 $299.9K$255.5K
-14.8%
5+ $290K$356.2K
+22.8%

Summary: 46011 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 22.8%.

Median Sold Price Compared To Nearby Zip Codes

46011
+2.1%
46012
0.0%
46013
-1.7%
46016
-3.0%

Housing Supply in 46011, IN

How many homes are available in 46011, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6257-8.1%

Summary: The 46011 real estate market had 57 homes for sale in October 2024, a 8.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 2625
-3.8%
4 2020
0.0%
5+ 83
-62.5%

Summary: The 46011 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 62.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1915-21.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46011, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 46011 in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.

Days on Market for 46011, IN

How long does it take to sell a home in 46011, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days31 Days+8.0%

Summary: Homes in 46011 had an average of 31 days on market in Oct 2024, up by 8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46011 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 46011; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 13 Days Ago

Newest Listings in 46011, IN

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