Is 46280, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46280 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46280 has remained a Seller's Market.

Key Takeaway

46280 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46280, IN

How much do homes in 46280, IN cost?

Median Sold Price

$360,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,250(+10.9%)

Key Takeaway

Homes in 46280 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 46280 was $360,000 in October 2024, up 10.9% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $224.9K$220K
-2.2%
2 $295K$319K
+8.1%
3 $315K$350K
+11.1%
4 $425.2K$480.5K
+13.0%
5+ $485K$465K
-4.1%

Summary: 46280 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

46240
+12.8%
46033
+11.1%
46280
+10.9%
46032
+9.8%

Housing Supply in 46280, IN

How many homes are available in 46280, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2629+11.5%

Summary: The 46280 real estate market had 29 homes for sale in October 2024, a 11.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 69
+50.0%
3 1515
0.0%
4 32
-33.3%
5+ 12
+100.0%

Summary: The 46280 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

4 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 46280, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 46280 in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 46280, IN

How long does it take to sell a home in 46280, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days15 Days+109.3%

Summary: Homes in 46280 had an average of 15 days on market in Oct 2024, up by 109.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46280 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 46280; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 46280, IN

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