$3,859 Closing Credit*
$325,000
2,256 SqFt
3 Beds
•2 Full Baths
Jason DeArman, Listing Office: Compass Indiana, LLC
Is 46250, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 46250 has remained a Seller's Market.
Key Takeaway
46250 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46250, IN
How much do homes in 46250, IN cost?
Median Sold Price
$320,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+14.3%)
Key Takeaway
Homes in 46250 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 46250 was $320,000 in October 2024, up 14.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $213.4K | $215K | +0.7% |
| 3 Bedrooms | $285K | $312.9K | +9.8% |
| 4 Bedrooms | $394.9K | $394.5K | -0.1% |
| 5+ Bedrooms | $433.5K | $505K | +16.5% |
Summary: 46250 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 increased by 0.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 16.5%.
Housing Supply in 46250, IN
How many homes are available in 46250, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 62 | -3.1% |
Summary: The 46250 real estate market had 62 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 46250 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 12.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46250, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 46250 in October 2024, up by 38.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for 46250, IN
How long does it take to sell a home in 46250, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 13 Days | -50.3% |
Summary: Homes in 46250 had an average of 13 days on market in Oct 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 46250 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 46250; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.