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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46231 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 46231 was a Seller's Market.

Key Takeaway

46231 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 46231, IN

How much do homes in 46231, IN cost?

Median Sold Price

$265,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 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 October 2024, up 6% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $260K$250K
-3.8%
3 $244.2K$250K
+2.4%
4 $295.7K$300K
+1.4%
5+ $345K$347.5K
+0.7%

Summary: 46231 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 3.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

46241
+9.4%
46123
+8.7%
46231
+6.0%
46214
+5.8%
46168
+3.8%

Housing Supply in 46231, IN

How many homes are available in 46231, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5051+2.0%

Summary: The 46231 real estate market had 51 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 2122
+4.8%
4 1715
-11.8%
5+ 58
+60.0%

Summary: The 46231 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 decreased by 14.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
168-50.0%

Asking Price vs. Sold Price

6 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 46231, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 46231 in October 2024, down by 50.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
34 Days19 Days-43.0%

Summary: Homes in 46231 had an average of 19 days on market in Oct 2024, down by 43% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 8 homes were sold in 46231; 88% of homes were sold within 30 days, 13% 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 21 Days Ago

Newest Listings in 46231, IN

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