Is 46164, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46164 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 46164 was a Seller's Market.

Key Takeaway

46164 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46164, IN

How much do homes in 46164, IN cost?

Median Sold Price

$350,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,250(+4.6%)

Key Takeaway

Homes in 46164 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 46164 was $350,000 in November 2024, up 4.6% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $323K$232.5K
-28.0%
2 $332K$380K
+14.5%
3 $305K$315K
+3.3%
4 $530K$480K
-9.4%
5+ $350K-
N/A

Summary: 46164 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46124
+13.5%
46160
+5.9%
46164
+4.6%
47448
+2.6%
46181
-2.2%

Housing Supply in 46164, IN

How many homes are available in 46164, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3432-5.9%

Summary: The 46164 real estate market had 32 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 139
-30.8%
3 1519
+26.7%
4 32
-33.3%
5+ 00
0.0%

Summary: The 46164 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46164, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 46164 in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 46164, IN

How long does it take to sell a home in 46164, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days31 Days-8.1%

Summary: Homes in 46164 had an average of 31 days on market in Nov 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46164 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 46164; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 46164, IN

Nearby Markets to 46164, IN