Is 46228, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46228 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 46228 has remained a Seller's Market.

Key Takeaway

46228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46228, IN

How much do homes in 46228, IN cost?

Median Sold Price

$270,500

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,000(+3.0%)

Key Takeaway

Homes in 46228 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 46228 was $270,500 in November 2024, up 3% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$125K
+13.6%
2 $180K$185K
+2.8%
3 $255K$257K
+0.8%
4 $339K$338.5K
-0.1%
5+ $480K$635K
+32.3%

Summary: 46228 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 32.3%.

Median Sold Price Compared To Nearby Zip Codes

46208
+14.0%
46260
+6.6%
46222
+4.6%
46228
+3.0%
46268
+2.0%

Housing Supply in 46228, IN

How many homes are available in 46228, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6957-17.4%

Summary: The 46228 real estate market had 57 homes for sale in November 2024, a 17.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 77
0.0%
3 3934
-12.8%
4 2015
-25.0%
5+ 30
-100.0%

Summary: The 46228 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2014-30.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46228, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 46228 in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.

Days on Market for 46228, IN

How long does it take to sell a home in 46228, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days40 Days+110.0%

Summary: Homes in 46228 had an average of 40 days on market in Nov 2024, up by 110% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46228 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 46228; 57% of homes were sold within 30 days, 36% 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 46228, IN

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