Is 46012, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46012 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46012 has remained a Seller's Market.

Key Takeaway

46012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46012, IN

How much do homes in 46012, IN cost?

Median Sold Price

$175,000

$114/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 46012 has remained the same since last year.

Summary: The median home sold price in 46012 was $175,000 in October 2024, the same as last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $45K$43.9K
-2.4%
2 $108K$125K
+15.7%
3 $181.2K$190K
+4.8%
4 $264K$257.3K
-2.5%
5+ $235K$332.4K
+41.5%

Summary: 46012 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 41.5%.

Median Sold Price Compared To Nearby Zip Codes

47334
+77.1%
46001
+8.1%
46017
+3.3%
46012
0.0%
46016
-3.0%

Housing Supply in 46012, IN

How many homes are available in 46012, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9589-6.3%

Summary: The 46012 real estate market had 89 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2019
-5.0%
3 5353
0.0%
4 1611
-31.3%
5+ 44
0.0%

Summary: The 46012 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 decreased by 5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3123-25.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46012, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 46012 in October 2024, down by 25.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.

Days on Market for 46012, IN

How long does it take to sell a home in 46012, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days28 Days+10.0%

Summary: Homes in 46012 had an average of 28 days on market in Oct 2024, up by 10% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46012 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 46012; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% 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 46012, IN

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