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 4 Days Ago

Newest Listings in 46038, IN

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