Is 46201, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46201 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 46201 was a Neutral Market.

Key Takeaway

46201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46201, IN

How much do homes in 46201, IN cost?

Median Sold Price

$186,750

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,750(+6.7%)

Key Takeaway

Homes in 46201 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 46201 was $186,750 in November 2024, up 6.7% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K$114K
+75.4%
2 $146.7K$160K
+9.0%
3 $204.2K$205.6K
+0.7%
4 $220.4K$262.1K
+18.9%
5+ $188.9K$225K
+19.1%

Summary: 46201 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.4%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 19.1%.

Median Sold Price Compared To Nearby Zip Codes

46203
+18.7%
46218
+18.2%
46201
+6.7%
46219
+4.5%
46202
+3.6%

Housing Supply in 46201, IN

How many homes are available in 46201, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
261266+1.9%

Summary: The 46201 real estate market had 266 homes for sale in November 2024, a 1.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 7584
+12.0%
3 122113
-7.4%
4 5154
+5.9%
5+ 1012
+20.0%

Summary: The 46201 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 increased by 12%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4334-20.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46201, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 46201 in November 2024, down by 20.9% month-over-month. Of the 34 sold homes, 44% were sold under asking, 26% were sold at asking, and 29% were sold over asking.

Days on Market for 46201, IN

How long does it take to sell a home in 46201, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days26 Days-29.3%

Summary: Homes in 46201 had an average of 26 days on market in Nov 2024, down by 29.3% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46201 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 34 homes were sold in 46201; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% 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

Newest Listings in 46201, IN

Nearby Markets to 46201, IN