Is 46225, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46225 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 46225 has remained a Neutral Market.

Key Takeaway

46225 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 46225, IN

How much do homes in 46225, IN cost?

Median Sold Price

$200,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,000(-3.4%)

Key Takeaway

Homes in 46225 have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in 46225 was $200,000 in October 2024, down 3.4% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$155K
N/A
2 $175K$157.5K
-10.0%
3 $227.5K$207K
-9.0%
4 $302.5K$330K
+9.1%
5+ $237.9K$298.7K
+25.6%

Summary: 46225 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 10%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 25.6%.

Median Sold Price Compared To Nearby Zip Codes

46203
+14.4%
46222
+3.8%
46202
+2.9%
46225
-3.4%
46204
-6.5%

Housing Supply in 46225, IN

How many homes are available in 46225, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6469+7.8%

Summary: The 46225 real estate market had 69 homes for sale in October 2024, a 7.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 3235
+9.4%
4 1718
+5.9%
5+ 66
0.0%

Summary: The 46225 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 increased by 11.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
611+83.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46225, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 46225 in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for 46225, IN

How long does it take to sell a home in 46225, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days37 Days+157.2%

Summary: Homes in 46225 had an average of 37 days on market in Oct 2024, up by 157.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 46225 has remained consistent over time.

Summary: During October 2024, 11 homes were sold in 46225; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% 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 46225, IN

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