$8,311 Closing Credit*
$699,900
4,714 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jason Royer, Listing Office: eXp Realty, LLC
Is 46278, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 46278 has remained a Seller's Market.
Key Takeaway
46278 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 46278, IN
How much do homes in 46278, IN cost?
Median Sold Price
$388,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+4.9%)
Key Takeaway
Homes in 46278 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 46278 was $388,000 in November 2024, up 4.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $203.7K | $182K | -10.7% |
| 3 Bedrooms | $276.2K | $299.9K | +8.6% |
| 4 Bedrooms | $463.7K | $445K | -4.0% |
| 5+ Bedrooms | $500K | $598.7K | +19.8% |
Summary: 46278 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in 46278, IN
How many homes are available in 46278, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Summary: The 46278 real estate market had 46 homes for sale in November 2024, a 2.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 46278 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 46278, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 46278 in November 2024, up by 62.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for 46278, IN
How long does it take to sell a home in 46278, IN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 31 Days | -19.7% |
Summary: Homes in 46278 had an average of 31 days on market in Nov 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 46278 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 46278; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.