Is 46156, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46156 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 46156 has remained a Neutral Market.

Key Takeaway

46156 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 46156, IN

How much do homes in 46156, IN cost?

Median Sold Price

$161,000

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$88,000(-35.3%)

Key Takeaway

Homes in 46156 have sold for 35.3% less than they did a year ago.

Summary: The median home sold price in 46156 was $161,000 in November 2024, down 35.3% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $16K$152K
+848.6%
3 $209.2K$179K
-14.5%
4 $147K$90K
-38.8%
5+ $350K$625K
+78.6%

Summary: 46156 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 increased by 848.6%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 38.8%, and 5+ bedroom homes increased by 78.6%.

Median Sold Price Compared To Nearby Zip Codes

46173
+15.9%
47240
+3.5%
46156
-35.3%

Housing Supply in 46156, IN

How many homes are available in 46156, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
87-12.5%

Summary: The 46156 real estate market had 7 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 33
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 46156 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46156, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 46156 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 46156, IN

How long does it take to sell a home in 46156, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days22 Days-56.0%

Summary: Homes in 46156 had an average of 22 days on market in Nov 2024, down by 56% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46156 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 46156; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 46156, IN

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