Is 46250, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46250 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $213.4K$215K
+0.7%
3 $285K$312.9K
+9.8%
4 $394.9K$394.5K
-0.1%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

46250
+14.3%
46240
+12.8%
46220
+5.2%
46256
+4.9%
46038
+2.9%

Housing Supply in 46250, IN

How many homes are available in 46250, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6462-3.1%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1618
+12.5%
3 2824
-14.3%
4 1716
-5.9%
5+ 34
+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 2024Oct 2024CHANGE
1318+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
27 Days13 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 46250, IN

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