Is 46056, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46056 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46056 has remained a Seller's Market.

Key Takeaway

46056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46056, IN

How much do homes in 46056, IN cost?

Median Sold Price

$265,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,550(+11.6%)

Key Takeaway

Homes in 46056 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 46056 was $265,000 in October 2024, up 11.6% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$100K
N/A
2 $139.9K$167.4K
+19.6%
3 $239.9K$299.9K
+25.0%
4 $277.7K$393.7K
+41.8%
5+ --
N/A

Summary: 46056 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 19.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46056
+11.6%
47384
+7.9%
46064
+4.2%
46013
-1.7%

Housing Supply in 46056, IN

How many homes are available in 46056, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1110-9.1%

Summary: The 46056 real estate market had 10 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 66
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The 46056 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46056, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 46056 in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 46056, IN

How long does it take to sell a home in 46056, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days9 Days-64.0%

Summary: Homes in 46056 had an average of 9 days on market in Oct 2024, down by 64% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46056 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 46056; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 46056, IN

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