Is 46218, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46218 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46218 has remained a Seller's Market.

Key Takeaway

46218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46218, IN

How much do homes in 46218, IN cost?

Median Sold Price

$130,000

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,006(+18.2%)

Key Takeaway

Homes in 46218 have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in 46218 was $130,000 in October 2024, up 18.2% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $31.2K$28K
-10.4%
2 $93K$112.9K
+21.4%
3 $126K$145K
+15.1%
4 $155K$152.5K
-1.6%
5+ $197.5K$361K
+82.8%

Summary: 46218 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 82.8%.

Median Sold Price Compared To Nearby Zip Codes

46218
+18.2%
46201
+7.1%
46219
+6.1%
46205
+4.4%
46202
+2.9%

Housing Supply in 46218, IN

How many homes are available in 46218, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
185190+2.7%

Summary: The 46218 real estate market had 190 homes for sale in October 2024, a 2.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 6163
+3.3%
3 101107
+5.9%
4 2019
-5.0%
5+ 10
-100.0%

Summary: The 46218 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3144+41.9%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46218, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 46218 in October 2024, up by 41.9% month-over-month. Of the 44 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for 46218, IN

How long does it take to sell a home in 46218, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days27 Days+25.4%

Summary: Homes in 46218 had an average of 27 days on market in Oct 2024, up by 25.4% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46218 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 44 homes were sold in 46218; 61% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 5% 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 20 Days Ago

Newest Listings in 46218, IN

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