Is 46507, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46507 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46507 has remained a Seller's Market.

Key Takeaway

46507 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46507, IN

How much do homes in 46507, IN cost?

Median Sold Price

$361,000

$174/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$154,500(-30.0%)

Key Takeaway

Homes in 46507 have sold for 30% less than they did a month ago.

Summary: The median home sold price in 46507 was $361,000 in December 2024, down 30% from last month, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$300K
N/A
2 $213K$266.5K
+25.1%
3 -$239.9K
N/A
4 $538K$665K
+23.6%
5+ $526K-
N/A

Summary: 46507 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46528
-14.6%
46540
-15.5%
46516
-19.3%
46507
-30.0%

Housing Supply in 46507, IN

How many homes are available in 46507, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3438+11.8%

Summary: The 46507 real estate market had 38 homes for sale in December 2024, a 11.8% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 1216
+33.3%
4 1114
+27.3%
5+ 75
-28.6%

Summary: The 46507 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 decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46507, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 46507 in December 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for 46507, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 2 Days Ago

Newest Listings in 46507, IN

Nearby Markets to 46507, IN