Is 46151, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46151 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46151 has remained a Seller's Market.

Key Takeaway

46151 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46151, IN

How much do homes in 46151, IN cost?

Median Sold Price

$269,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+5.5%)

Key Takeaway

Homes in 46151 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 46151 was $269,000 in October 2024, up 5.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $69K$155K
+124.6%
2 $168K$170K
+1.2%
3 $250K$256.5K
+2.6%
4 $342.5K$375K
+9.5%
5+ $512.4K$440K
-14.1%

Summary: 46151 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 124.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Zip Codes

46157
+20.2%
46158
+11.5%
46151
+5.5%

Housing Supply in 46151, IN

How many homes are available in 46151, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
167162-3.0%

Summary: The 46151 real estate market had 162 homes for sale in October 2024, a 3.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1919
0.0%
3 7886
+10.3%
4 4838
-20.8%
5+ 1917
-10.5%

Summary: The 46151 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4142+2.4%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46151, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 46151 in October 2024, up by 2.4% month-over-month. Of the 42 sold homes, 67% were sold under asking, 26% were sold at asking, and 7% were sold over asking.

Days on Market for 46151, IN

How long does it take to sell a home in 46151, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days45 Days+45.3%

Summary: Homes in 46151 had an average of 45 days on market in Oct 2024, up by 45.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46151 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 46151; 45% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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 17 Days Ago

Newest Listings in 46151, IN

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