Is 46123, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46123 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 46123 has remained a Seller's Market.

Key Takeaway

46123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46123, IN

How much do homes in 46123, IN cost?

Median Sold Price

$344,521

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,866(+7.8%)

Key Takeaway

Homes in 46123 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 46123 was $344,521 in November 2024, up 7.8% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155K-
N/A
2 $255K$240K
-5.9%
3 $285K$300K
+5.3%
4 $365K$395K
+8.2%
5+ $445K$440K
-1.1%

Summary: 46123 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Zip Codes

46123
+7.8%
46231
+6.0%
46112
+5.4%
46168
+4.8%
46234
+2.5%

Housing Supply in 46123, IN

How many homes are available in 46123, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
196174-11.2%

Summary: The 46123 real estate market had 174 homes for sale in November 2024, a 11.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2116
-23.8%
3 8472
-14.3%
4 6361
-3.2%
5+ 2825
-10.7%

Summary: The 46123 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 decreased by 23.8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 10.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6234-45.2%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46123, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 46123 in November 2024, down by 45.2% month-over-month. Of the 34 sold homes, 68% were sold under asking, 24% were sold at asking, and 9% were sold over asking.

Days on Market for 46123, IN

How long does it take to sell a home in 46123, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days40 Days+11.2%

Summary: Homes in 46123 had an average of 40 days on market in Nov 2024, up by 11.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46123 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 34 homes were sold in 46123; 53% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% 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

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