Is 46128, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46128 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 46128 was a Neutral Market.

Key Takeaway

46128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46128, IN

How much do homes in 46128, IN cost?

Median Sold Price

$259,900

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$30,100(-10.4%)

Key Takeaway

Homes in 46128 have sold for 10.4% less than they did a year ago.

Summary: The median home sold price in 46128 was $259,900 in December 2024, down 10.4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $180K$140K
-22.2%
3 $300K$285K
-5.0%
4 $549.9K$230K
-58.2%
5+ -$222K
N/A

Summary: 46128 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 58.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46135
+17.5%
46121
+5.4%
46128
-10.4%

Housing Supply in 46128, IN

How many homes are available in 46128, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
108-20.0%

Summary: The 46128 real estate market had 8 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 65
-16.7%
4 11
0.0%
5+ 20
-100.0%

Summary: The 46128 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46128, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 46128 in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 46128, IN

How long does it take to sell a home in 46128, IN?

Average Sale Time

Dec 2023Dec 2024CHANGE
56 Days88 Days+58.3%

Summary: Homes in 46128 had an average of 88 days on market in Dec 2024, up by 58.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46128 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 46128; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 6 Days Ago

Newest Listings in 46128, IN

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