Is 46221, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46221 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 46221 has remained a Seller's Market.

Key Takeaway

46221 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46221, IN

How much do homes in 46221, IN cost?

Median Sold Price

$220,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,000(+2.3%)

Key Takeaway

Homes in 46221 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 46221 was $220,000 in September 2024, up 2.3% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $57.4K$70.9K
+23.4%
2 $110K$130K
+18.2%
3 $211K$227.5K
+7.8%
4 $259.9K$246K
-5.4%
5+ $394.4K$210K
-46.8%

Summary: 46221 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 46.8%.

Median Sold Price Compared To Nearby Zip Codes

46241
+10.7%
46225
+3.1%
46221
+2.3%
46217
+2.0%

Housing Supply in 46221, IN

How many homes are available in 46221, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
113118+4.4%

Summary: The 46221 real estate market had 118 homes for sale in September 2024, a 4.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 33
0.0%
2 1620
+25.0%
3 7172
+1.4%
4 1819
+5.6%
5+ 54
-20.0%

Summary: The 46221 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3028-6.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46221, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 46221 in September 2024, down by 6.7% month-over-month. Of the 28 sold homes, 61% were sold under asking, 18% were sold at asking, and 21% were sold over asking.

Days on Market for 46221, IN

How long does it take to sell a home in 46221, IN?

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days26 Days+31.1%

Summary: Homes in 46221 had an average of 26 days on market in Sep 2024, up by 31.1% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46221 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 28 homes were sold in 46221; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 46221, IN

Nearby Markets to 46221, IN