Is 46202, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46202 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 46202 was a Seller's Market.

Key Takeaway

46202 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46202, IN

How much do homes in 46202, IN cost?

Median Sold Price

$406,250

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,283(+2.9%)

Key Takeaway

Homes in 46202 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 46202 was $406,250 in October 2024, up 2.9% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $259.7K$225K
-13.4%
2 $345K$366K
+6.1%
3 $420K$415K
-1.2%
4 $560K$656.5K
+17.2%
5+ $800K$764.9K
-4.4%

Summary: 46202 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

46208
+8.2%
46201
+7.1%
46202
+2.9%
46225
-3.4%
46204
-6.5%

Housing Supply in 46202, IN

How many homes are available in 46202, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
173177+2.3%

Summary: The 46202 real estate market had 177 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 3841
+7.9%
3 8891
+3.4%
4 3030
0.0%
5+ 108
-20.0%

Summary: The 46202 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46202, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 46202 in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 84% were sold under asking, 11% were sold at asking, and 5% were sold over asking.

Days on Market for 46202, IN

How long does it take to sell a home in 46202, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days75 Days+40.9%

Summary: Homes in 46202 had an average of 75 days on market in Oct 2024, up by 40.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46202 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 46202; 47% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 37% 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 14 Days Ago

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