Is 46256, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46256 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 46256 was a Seller's Market.

Key Takeaway

46256 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46256, IN

How much do homes in 46256, IN cost?

Median Sold Price

$325,166

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,171(+4.9%)

Key Takeaway

Homes in 46256 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 46256 was $325,166 in October 2024, up 4.9% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $167.4K$140.3K
-16.2%
2 $210K$220K
+4.8%
3 $291K$300K
+3.1%
4 $387.5K$367K
-5.3%
5+ $494.9K$427.5K
-13.6%

Summary: 46256 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Zip Codes

46216
+16.0%
46250
+14.3%
46236
+5.0%
46256
+4.9%
46038
+2.9%

Housing Supply in 46256, IN

How many homes are available in 46256, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8785-2.3%

Summary: The 46256 real estate market had 85 homes for sale in October 2024, a 2.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1110
-9.1%
3 3136
+16.1%
4 2928
-3.4%
5+ 149
-35.7%

Summary: The 46256 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 9.1%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 35.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2010-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46256, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 46256 in October 2024, down by 50.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for 46256, IN

How long does it take to sell a home in 46256, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
1 Days43 Days+2449.0%

Summary: Homes in 46256 had an average of 43 days on market in Oct 2024, up by 2449% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46256 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 46256; 70% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 30% 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 46256, IN

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