Is 46032, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46032 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46032 has remained a Seller's Market.

Key Takeaway

46032 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46032, IN

How much do homes in 46032, IN cost?

Median Sold Price

$510,405

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,381(+9.8%)

Key Takeaway

Homes in 46032 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 46032 was $510,405 in October 2024, up 9.8% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $174K$176.5K
+1.4%
2 $301K$305.9K
+1.6%
3 $416.6K$436.8K
+4.8%
4 $505K$577K
+14.3%
5+ $889K$1.0M
+13.6%

Summary: 46032 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Zip Codes

46033
+11.1%
46280
+10.9%
46032
+9.8%
46074
+3.0%

Housing Supply in 46032, IN

How many homes are available in 46032, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
205194-5.4%

Summary: The 46032 real estate market had 194 homes for sale in October 2024, a 5.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 3837
-2.6%
3 8077
-3.8%
4 4950
+2.0%
5+ 3728
-24.3%

Summary: The 46032 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 24.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5148-5.9%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46032, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 46032 in October 2024, down by 5.9% month-over-month. Of the 48 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.

Days on Market for 46032, IN

How long does it take to sell a home in 46032, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days21 Days-12.6%

Summary: Homes in 46032 had an average of 21 days on market in Oct 2024, down by 12.6% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46032 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 46032; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in 46032, IN

Nearby Markets to 46032, IN