Is 46217, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46217 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46217 has remained a Seller's Market.

Key Takeaway

46217 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46217, IN

How much do homes in 46217, IN cost?

Median Sold Price

$255,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+2.0%)

Key Takeaway

Homes in 46217 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 46217 was $255,000 in October 2024, up 2% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $215K$210K
-2.3%
3 $240K$249K
+3.8%
4 $295K$292.5K
-0.8%
5+ $405K$412.5K
+1.9%

Summary: 46217 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Zip Codes

46142
+8.5%
46227
+3.6%
46221
+2.1%
46217
+2.0%
46225
-3.4%

Housing Supply in 46217, IN

How many homes are available in 46217, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
164169+3.0%

Summary: The 46217 real estate market had 169 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2322
-4.3%
3 89102
+14.6%
4 3935
-10.3%
5+ 1310
-23.1%

Summary: The 46217 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 decreased by 4.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4235-16.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46217, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 46217 in October 2024, down by 16.7% month-over-month. Of the 35 sold homes, 54% were sold under asking, 31% were sold at asking, and 14% were sold over asking.

Days on Market for 46217, IN

How long does it take to sell a home in 46217, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days47 Days+123.7%

Summary: Homes in 46217 had an average of 47 days on market in Oct 2024, up by 123.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46217 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 35 homes were sold in 46217; 54% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 23% 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 46217, IN

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