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 4 Days Ago

Newest Listings in 46032, IN

Nearby Markets to 46032, IN