$4,631 Closing Credit*
$389,995
3,054 SqFt
5 Beds
•3 Full Baths, 1 Partial
Erin Hundley, Listing Office: Compass Indiana, LLC
Is 46122, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 46122 has remained a Seller's Market.
Key Takeaway
46122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46122, IN
How much do homes in 46122, IN cost?
Median Sold Price
$301,183
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,683(+6.6%)
Key Takeaway
Homes in 46122 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 46122 was $301,183 in November 2024, up 6.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | $95K | -2.6% |
| 2 Bedrooms | $233K | $177K | -24.0% |
| 3 Bedrooms | $262.5K | $275K | +4.8% |
| 4 Bedrooms | $335K | $335K | 0.0% |
| 5+ Bedrooms | $587.9K | $365K | -37.9% |
Summary: 46122 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 24%, 3 bedroom homes increased by 4.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 37.9%.
Housing Supply in 46122, IN
How many homes are available in 46122, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 92 | -4.2% |
Summary: The 46122 real estate market had 92 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 40 | 37 | -7.5% |
| 4 Bedrooms | 36 | 32 | -11.1% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 46122 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46122, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 46122 in November 2024, the same as the previous month. Of the 21 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for 46122, IN
How long does it take to sell a home in 46122, IN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -4.0% |
Summary: Homes in 46122 had an average of 30 days on market in Nov 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 46122 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 46122; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.