$2,286 Closing Credit*
$192,500
1,072 SqFt
2 Beds
•2 Full Baths
Trent Whittington, Listing Office: @properties
Is 46278, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 46278 was a Neutral 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
$396,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$18,300(+4.8%)
Key Takeaway
Homes in 46278 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 46278 was $396,000 in December 2024, up 4.8% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $187K | $187K | 0.0% |
| 3 Bedrooms | $288.7K | $299.4K | +3.7% |
| 4 Bedrooms | $467.5K | $463.2K | -0.9% |
| 5+ Bedrooms | $498.7K | $598.7K | +20.1% |
Summary: 46278 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 20.1%.
Housing Supply in 46278, IN
How many homes are available in 46278, IN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 49 | 42 | -14.3% |
Summary: The 46278 real estate market had 42 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 46278 housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 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. 86.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 46278 in December 2024, up by 15.4% month-over-month. Of the 15 sold homes, 87% were sold under asking, 0% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -35.7% |
Summary: Homes in 46278 had an average of 30 days on market in Dec 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 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 December 2024, 15 homes were sold in 46278; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.