Is 46074, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46074 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46074 has remained a Seller's Market.

Key Takeaway

46074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46074, IN

How much do homes in 46074, IN cost?

Median Sold Price

$475,997

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,867(+3.0%)

Key Takeaway

Homes in 46074 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 46074 was $475,997 in October 2024, up 3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $360.9K$399.9K
+10.8%
3 $385K$396.4K
+3.0%
4 $500K$519.3K
+3.9%
5+ $621.6K$622.9K
0.2%

Summary: 46074 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 10.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Zip Codes

46033
+11.1%
46032
+9.8%
46074
+3.0%
46062
-3.7%
46077
-12.7%

Housing Supply in 46074, IN

How many homes are available in 46074, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
283270-4.6%

Summary: The 46074 real estate market had 270 homes for sale in October 2024, a 4.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2825
-10.7%
3 107114
+6.5%
4 8475
-10.7%
5+ 6456
-12.5%

Summary: The 46074 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 10.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8767-23.0%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46074, you may be able to get a good deal. 67.2% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in 46074 in October 2024, down by 23.0% month-over-month. Of the 67 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.

Days on Market for 46074, IN

How long does it take to sell a home in 46074, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days35 Days+7.8%

Summary: Homes in 46074 had an average of 35 days on market in Oct 2024, up by 7.8% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46074 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 67 homes were sold in 46074; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 46074, IN

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