Is 46236, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46236 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46236 has remained a Seller's Market.

Key Takeaway

46236 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46236, IN

How much do homes in 46236, IN cost?

Median Sold Price

$341,333

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,333(+5.0%)

Key Takeaway

Homes in 46236 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 46236 was $341,333 in October 2024, up 5% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $167K$160K
-4.2%
2 $192.2K$190K
-1.2%
3 $264.5K$280K
+5.9%
4 $365K$411.9K
+12.9%
5+ $680K$699.9K
+2.9%

Summary: 46236 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

46216
+16.0%
46235
+12.4%
46236
+5.0%
46256
+4.9%
46055
+4.1%

Housing Supply in 46236, IN

How many homes are available in 46236, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
130115-11.5%

Summary: The 46236 real estate market had 115 homes for sale in October 2024, a 11.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 5341
-22.6%
4 5452
-3.7%
5+ 1917
-10.5%

Summary: The 46236 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 remained the same, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3834-10.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46236, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 46236 in October 2024, down by 10.5% month-over-month. Of the 34 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.

Days on Market for 46236, IN

How long does it take to sell a home in 46236, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days28 Days+96.9%

Summary: Homes in 46236 had an average of 28 days on market in Oct 2024, up by 96.9% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46236 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 46236; 68% of homes were sold within 30 days, 24% 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 4 Days Ago

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