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 November 2023

At the same time last year, 46011 was a Neutral 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

$200,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,000(+2.0%)

Key Takeaway

Homes in 46011 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 46011 was $200,000 in November 2024, up 2% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $148.7K$140K
-5.9%
3 $187K$179.9K
-3.8%
4 $302.4K$260K
-14.0%
5+ $286K$320K
+11.9%

Summary: 46011 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

46011
+2.0%
46016
0.1%
46013
0.0%
46012
-0.3%

Housing Supply in 46011, IN

How many homes are available in 46011, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5855-5.2%

Summary: The 46011 real estate market had 55 homes for sale in November 2024, a 5.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 99
0.0%
3 2729
+7.4%
4 2014
-30.0%
5+ 23
+50.0%

Summary: The 46011 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 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. 35.3% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 46011 in November 2024, up by 6.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% 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

Nov 2023Nov 2024CHANGE
25 Days38 Days+49.8%

Summary: Homes in 46011 had an average of 38 days on market in Nov 2024, up by 49.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 17 homes were sold in 46011; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% 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 21 Days Ago

Newest Listings in 46011, IN

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