Is 46071, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46071 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 46071 was a Seller's Market.

Key Takeaway

46071 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46071, IN

How much do homes in 46071, IN cost?

Median Sold Price

$374,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$86,250(+30.0%)

Key Takeaway

Homes in 46071 have sold for 30% more than they did a year ago.

Summary: The median home sold price in 46071 was $374,000 in October 2024, up 30% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $115K$165.5K
+43.9%
3 $291.9K$327.5K
+12.2%
4 $287.7K$647.5K
+125.0%
5+ $550K$374K
-32.0%

Summary: 46071 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 43.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 125%, and 5+ bedroom homes decreased by 32%.

Median Sold Price Compared To Nearby Zip Codes

46071
+30.0%
46052
+2.8%

Housing Supply in 46071, IN

How many homes are available in 46071, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1920+5.3%

Summary: The 46071 real estate market had 20 homes for sale in October 2024, a 5.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 03
+100.0%
3 108
-20.0%
4 76
-14.3%
5+ 23
+50.0%

Summary: The 46071 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46071, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 46071 in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 46071, IN

How long does it take to sell a home in 46071, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days105 Days+110.0%

Summary: Homes in 46071 had an average of 105 days on market in Oct 2024, up by 110% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 46071 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 46071; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 46071, IN

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