Is 46157, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46157 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 46157 has remained a Seller's Market.

Key Takeaway

46157 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46157, IN

How much do homes in 46157, IN cost?

Median Sold Price

$313,750

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$58,250(+22.8%)

Key Takeaway

Homes in 46157 have sold for 22.8% more than they did a year ago.

Summary: The median home sold price in 46157 was $313,750 in November 2024, up 22.8% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85.7K-
N/A
2 $215K$277.5K
+29.1%
3 $245K$283K
+15.5%
4 $275K$314.5K
+14.4%
5+ $333K$337.2K
+1.3%

Summary: 46157 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 29.1%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

46157
+22.8%
46158
+14.1%
46151
+5.2%
46118
+1.3%

Housing Supply in 46157, IN

How many homes are available in 46157, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5752-8.8%

Summary: The 46157 real estate market had 52 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 2022
+10.0%
4 2721
-22.2%
5+ 67
+16.7%

Summary: The 46157 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 50%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46157, expect to pay close to the asking price. 69.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 46157 in November 2024, up by 18.2% month-over-month. Of the 13 sold homes, 31% were sold under asking, 69% were sold at asking, and 0% were sold over asking.

Days on Market for 46157, IN

How long does it take to sell a home in 46157, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days53 Days+251.0%

Summary: Homes in 46157 had an average of 53 days on market in Nov 2024, up by 251% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46157 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 46157; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% 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 21 Days Ago

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