Is 46231, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46231 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 46231 was a Neutral Market.

Key Takeaway

46231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46231, IN

How much do homes in 46231, IN cost?

Median Sold Price

$265,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+6.0%)

Key Takeaway

Homes in 46231 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 46231 was $265,000 in November 2024, up 6% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $260K$250K
-3.8%
3 $245K$250K
+2.0%
4 $295.7K$303.5K
+2.6%
5+ $339.3K$360K
+6.1%

Summary: 46231 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Zip Codes

46123
+7.8%
46241
+7.5%
46231
+6.0%
46214
+5.1%
46168
+4.8%

Housing Supply in 46231, IN

How many homes are available in 46231, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5044-12.0%

Summary: The 46231 real estate market had 44 homes for sale in November 2024, a 12.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 2221
-4.5%
4 1514
-6.7%
5+ 87
-12.5%

Summary: The 46231 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46231, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 46231 in November 2024, up by 75.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 46231, IN

How long does it take to sell a home in 46231, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days43 Days+82.9%

Summary: Homes in 46231 had an average of 43 days on market in Nov 2024, up by 82.9% compared to last year.

Breakdown of Home Sale Times

7 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

Many homes in 46231 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 46231; 50% of homes were sold within 30 days, 43% 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 21 Days Ago

Newest Listings in 46231, IN

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