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 November 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

$79,950

$52/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50(+0.1%)

Key Takeaway

The sold price of homes in 46016 has remained the same since last year.

Summary: The median home sold price in 46016 was $79,950 in November 2024, up 0.1% from last year, and the median price per square foot was $52.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $33K$45.5K
+37.9%
2 $62K$61.5K
-0.8%
3 $95K$100K
+5.3%
4 $125K$139.9K
+11.9%
5+ $104.7K$69.7K
-33.5%

Summary: 46016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.9%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 33.5%.

Median Sold Price Compared To Nearby Zip Codes

46011
+2.0%
46016
0.1%
46013
0.0%
46012
-0.3%
46017
-1.8%

Housing Supply in 46016, IN

How many homes are available in 46016, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
71710.0%

Summary: The 46016 real estate market had 71 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2325
+8.7%
3 2721
-22.2%
4 1519
+26.7%
5+ 55
0.0%

Summary: The 46016 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 increased by 8.7%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46016, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in 46016 in November 2024, down by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
27 Days41 Days+54.1%

Summary: Homes in 46016 had an average of 41 days on market in Nov 2024, up by 54.1% compared to last year.

Breakdown of Home Sale Times

5 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 46016 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in 46016; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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 46016, IN

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