Is 46016, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46016 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46016 has remained a Seller's Market.

Key Takeaway

46016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46016, IN

How much do homes in 46016, IN cost?

Median Sold Price

$77,583

$51/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,416(-3.0%)

Key Takeaway

Homes in 46016 have sold for 3% less than they did a year ago.

Summary: The median home sold price in 46016 was $77,583 in October 2024, down 3% from last year, and the median price per square foot was $51.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $27.5K$39K
+41.8%
2 $64.4K$61K
-5.4%
3 $98K$100K
+2.0%
4 $122.4K$120K
-2.0%
5+ $105K$74.8K
-28.7%

Summary: 46016 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.8%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 28.7%.

Median Sold Price Compared To Nearby Zip Codes

46017
+3.3%
46011
+2.1%
46012
0.0%
46013
-1.7%
46016
-3.0%

Housing Supply in 46016, IN

How many homes are available in 46016, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8276-7.3%

Summary: The 46016 real estate market had 76 homes for sale in October 2024, a 7.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2926
-10.3%
3 3027
-10.0%
4 1515
0.0%
5+ 66
0.0%

Summary: The 46016 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 10.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2018-10.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46016, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 46016 in October 2024, down by 10.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 46016, IN

How long does it take to sell a home in 46016, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days62 Days+42.8%

Summary: Homes in 46016 had an average of 62 days on market in Oct 2024, up by 42.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46016 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 46016; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% 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

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