$2,375 Closing Credit*
$200,000
1,768 SqFt
2 Beds
•2 Full Baths
Jamie Suchotzky, Listing Office: Red Hot, REALTORS LLC
Is 46124, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 46124 was a Buyer's Market.
Key Takeaway
46124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46124, IN
How much do homes in 46124, IN cost?
Median Sold Price
$225,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+12.5%)
Key Takeaway
Homes in 46124 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 46124 was $225,000 in October 2024, up 12.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.8K | $132.4K | +171.4% |
| 2 Bedrooms | $122.5K | $165.2K | +34.9% |
| 3 Bedrooms | $200K | $240.1K | +20.1% |
| 4 Bedrooms | $294.9K | $319K | +8.2% |
| 5+ Bedrooms | $208K | $473K | +127.4% |
Summary: 46124 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 171.4%, 2 bedroom homes increased by 34.9%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 127.4%.
Housing Supply in 46124, IN
How many homes are available in 46124, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The 46124 real estate market had 31 homes for sale in October 2024, a 6.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 46124 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46124, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 46124 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 46124, IN
How long does it take to sell a home in 46124, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 26 Days | +420.0% |
Summary: Homes in 46124 had an average of 26 days on market in Oct 2024, up by 420% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 46124 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 46124; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.