$1,663 Closing Credit*
$140,000
964 SqFt
2 Beds
•1 Full Bath, 1 Partial
Pamela Smith, Listing Office: REALTY WORLD-Harbert Company
Is 46218, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $31.2K | $28K | -10.4% |
| 2 Bedrooms | $93K | $112.9K | +21.4% |
| 3 Bedrooms | $126K | $145K | +15.1% |
| 4 Bedrooms | $155K | $152.5K | -1.6% |
| 5+ Bedrooms | $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%.
Housing Supply in 46218, IN
How many homes are available in 46218, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 185 | 190 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 61 | 63 | +3.3% |
| 3 Bedrooms | 101 | 107 | +5.9% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 1 | 0 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 44 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 27 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
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.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.