$2,791 Closing Credit*
$235,000
1,494 SqFt
3 Beds
•2 Full Baths, 1 Partial
John Orander, Listing Office: Wieland Real Estate, P.C.
Is 46048, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 46048 has remained a Seller's Market.
Key Takeaway
46048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46048, IN
How much do homes in 46048, IN cost?
Median Sold Price
$229,750
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,750(+4.4%)
Key Takeaway
Homes in 46048 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 46048 was $229,750 in October 2024, up 4.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $64.5K | N/A |
| 2 Bedrooms | $95K | $109.2K | +15.0% |
| 3 Bedrooms | $225K | $235K | +4.4% |
| 4 Bedrooms | $230K | $239.2K | +4.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: 46048 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.
Housing Supply in 46048, IN
How many homes are available in 46048, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The 46048 real estate market had 9 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 46048 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 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46048, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 46048 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 46048, IN
How long does it take to sell a home in 46048, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| -3 Days | 20 Days | -700.0% |
Summary: Homes in 46048 had an average of 20 days on market in Oct 2024, up by 700% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 46048 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 46048; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.