Is 46040, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46040 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46040 has remained a Seller's Market.

Key Takeaway

46040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46040, IN

How much do homes in 46040, IN cost?

Median Sold Price

$530,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,757(+3.7%)

Key Takeaway

Homes in 46040 have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in 46040 was $530,000 in October 2024, up 3.7% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139.9K$208K
+48.7%
2 $212K$260K
+22.6%
3 $303.3K$345K
+13.7%
4 $502.5K$550K
+9.5%
5+ $657.5K$657K
-0.1%

Summary: 46040 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.7%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Zip Codes

46048
+4.4%
46064
+4.2%
46055
+4.1%
46040
+3.7%
46037
+1.1%

Housing Supply in 46040, IN

How many homes are available in 46040, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1121120.0%

Summary: The 46040 real estate market had 112 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3231
-3.1%
4 4041
+2.5%
5+ 3838
0.0%

Summary: The 46040 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2831+10.7%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46040, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 46040 in October 2024, up by 10.7% month-over-month. Of the 31 sold homes, 58% were sold under asking, 35% were sold at asking, and 6% were sold over asking.

Days on Market for 46040, IN

How long does it take to sell a home in 46040, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days32 Days+2.9%

Summary: Homes in 46040 had an average of 32 days on market in Oct 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46040 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in 46040; 61% of homes were sold within 30 days, 32% 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 14 Days Ago

Newest Listings in 46040, IN

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