Is 46240, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46240 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46240 has remained a Seller's Market.

Key Takeaway

46240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46240, IN

How much do homes in 46240, IN cost?

Median Sold Price

$371,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,000(+12.8%)

Key Takeaway

Homes in 46240 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 46240 was $371,000 in October 2024, up 12.8% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $210K$180K
-14.3%
2 $250K$275.5K
+10.2%
3 $313.7K$360K
+14.7%
4 $438.2K$510K
+16.4%
5+ $840.1K$1.3M
+56.2%

Summary: 46240 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 56.2%.

Median Sold Price Compared To Nearby Zip Codes

46250
+14.3%
46240
+12.8%
46280
+10.9%
46220
+5.2%

Housing Supply in 46240, IN

How many homes are available in 46240, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7578+4.0%

Summary: The 46240 real estate market had 78 homes for sale in October 2024, a 4.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2122
+4.8%
3 2733
+22.2%
4 1913
-31.6%
5+ 68
+33.3%

Summary: The 46240 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 increased by 4.8%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46240, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 46240 in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.

Days on Market for 46240, IN

How long does it take to sell a home in 46240, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days13 Days-68.7%

Summary: Homes in 46240 had an average of 13 days on market in Oct 2024, down by 68.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46240 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 46240; 79% of homes were sold within 30 days, 16% 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

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