$5,046 Closing Credit*
$424,900
2,934 SqFt
3 Beds
•3 Full Baths
Jennifer Mohandespour, Listing Office: American Dream Team Real Estate
Is 46106, 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, 46106 has remained a Seller's Market.
Key Takeaway
46106 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46106, IN
How much do homes in 46106, IN cost?
Median Sold Price
$425,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$19,950(-4.5%)
Key Takeaway
Homes in 46106 have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in 46106 was $425,000 in October 2024, down 4.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202K | $230K | +13.9% |
| 3 Bedrooms | $315K | $292.4K | -7.2% |
| 4 Bedrooms | $439.9K | $497.5K | +13.1% |
| 5+ Bedrooms | $525K | $575K | +9.5% |
Summary: 46106 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 13.9%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 46106, IN
How many homes are available in 46106, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 70 | -9.1% |
Summary: The 46106 real estate market had 70 homes for sale in October 2024, a 9.1% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 30 | 25 | -16.7% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The 46106 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 40%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46106, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 46106 in October 2024, down by 5.6% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% were sold over asking.
Days on Market for 46106, IN
How long does it take to sell a home in 46106, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 18 Days | -72.9% |
Summary: Homes in 46106 had an average of 18 days on market in Oct 2024, down by 72.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 46106 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 46106; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.