Is 46227, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46227 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46227 has remained a Seller's Market.

Key Takeaway

46227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46227, IN

How much do homes in 46227, IN cost?

Median Sold Price

$228,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,857(+3.6%)

Key Takeaway

Homes in 46227 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 46227 was $228,000 in October 2024, up 3.6% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$116K
-14.1%
2 $162.5K$166.5K
+2.5%
3 $225K$235K
+4.4%
4 $260K$269.9K
+3.8%
5+ $350K$310K
-11.4%

Summary: 46227 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Zip Codes

46203
+14.4%
46142
+8.5%
46237
+4.8%
46227
+3.6%
46217
+2.0%

Housing Supply in 46227, IN

How many homes are available in 46227, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
152175+15.1%

Summary: The 46227 real estate market had 175 homes for sale in October 2024, a 15.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 2836
+28.6%
3 9298
+6.5%
4 2129
+38.1%
5+ 1111
0.0%

Summary: The 46227 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3730-18.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46227, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 46227 in October 2024, down by 18.9% month-over-month. Of the 30 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.

Days on Market for 46227, IN

How long does it take to sell a home in 46227, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days19 Days-25.8%

Summary: Homes in 46227 had an average of 19 days on market in Oct 2024, down by 25.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46227 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 46227; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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 46227, IN

Nearby Markets to 46227, IN