Is 46216, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46216 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 46216 was a Seller's Market.

Key Takeaway

46216 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46216, IN

How much do homes in 46216, IN cost?

Median Sold Price

$342,100

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,100(+15.2%)

Key Takeaway

Homes in 46216 have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in 46216 was $342,100 in November 2024, up 15.2% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $321.7K$254.4K
-20.9%
3 $275K$340K
+23.6%
4 $275K$375K
+36.4%
5+ -$514.9K
N/A

Summary: 46216 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 decreased by 20.9%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46216
+15.2%
46256
+4.5%
46226
+3.6%
46236
+3.5%

Housing Supply in 46216, IN

How many homes are available in 46216, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1411-21.4%

Summary: The 46216 real estate market had 11 homes for sale in November 2024, a 21.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 98
-11.1%
4 00
0.0%
5+ 22
0.0%

Summary: The 46216 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 66.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

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 46216, 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 46216 in November 2024, down by 75.0% 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 46216, IN

How long does it take to sell a home in 46216, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
8 Days76 Days+776.9%

Summary: Homes in 46216 had an average of 76 days on market in Nov 2024, up by 776.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 46216 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 46216; 0% of homes were sold within 30 days, 100% 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 3 Days Ago

Newest Listings in 46216, IN

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