Is 46140, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46140 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46140 has remained a Seller's Market.

Key Takeaway

46140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46140, IN

How much do homes in 46140, IN cost?

Median Sold Price

$279,939

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,455(+2.0%)

Key Takeaway

Homes in 46140 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 46140 was $279,939 in October 2024, up 2% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $30K$117.5K
+291.7%
2 $201.5K$195K
-3.2%
3 $255K$260K
+2.0%
4 $304.9K$324K
+6.3%
5+ $344K$342.5K
-0.4%

Summary: 46140 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 291.7%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

46130
+42.0%
46163
+2.8%
46140
+2.0%

Housing Supply in 46140, IN

How many homes are available in 46140, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
208216+3.8%

Summary: The 46140 real estate market had 216 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2121
0.0%
3 110117
+6.4%
4 6366
+4.8%
5+ 1412
-14.3%

Summary: The 46140 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 remained the same, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5146-9.8%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46140, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 46140 in October 2024, down by 9.8% month-over-month. Of the 46 sold homes, 57% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for 46140, IN

How long does it take to sell a home in 46140, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days33 Days-13.5%

Summary: Homes in 46140 had an average of 33 days on market in Oct 2024, down by 13.5% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46140 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in 46140; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% 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 16 Days Ago

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