Is 46038, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46038 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46038 has remained a Seller's Market.

Key Takeaway

46038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46038, IN

How much do homes in 46038, IN cost?

Median Sold Price

$350,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+2.9%)

Key Takeaway

Homes in 46038 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 46038 was $350,000 in October 2024, up 2.9% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $175K$184.5K
+5.4%
2 $258.7K$264K
+2.0%
3 $318K$330K
+3.8%
4 $390K$392.8K
+0.7%
5+ $490K$528.7K
+7.9%

Summary: 46038 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Zip Codes

46250
+14.3%
46033
+11.1%
46256
+4.9%
46038
+2.9%
46037
+1.1%

Housing Supply in 46038, IN

How many homes are available in 46038, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
161138-14.3%

Summary: The 46038 real estate market had 138 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2424
0.0%
3 6756
-16.4%
4 5948
-18.6%
5+ 108
-20.0%

Summary: The 46038 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 remained the same, 3 bedroom homes decreased by 16.4%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4840-16.7%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46038, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 46038 in October 2024, down by 16.7% month-over-month. Of the 40 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.

Days on Market for 46038, IN

How long does it take to sell a home in 46038, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days56 Days+285.6%

Summary: Homes in 46038 had an average of 56 days on market in Oct 2024, up by 285.6% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46038 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 40 homes were sold in 46038; 55% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% 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 46038, IN

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