Is 46511, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46511 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46511 has remained a Seller's Market.

Key Takeaway

46511 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46511, IN

How much do homes in 46511, IN cost?

Median Sold Price

$250,000

$128/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$140,000(-35.9%)

Key Takeaway

Homes in 46511 have sold for 35.9% less than they did a month ago.

Summary: The median home sold price in 46511 was $250,000 in October 2024, down 35.9% from last month, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$79.5K
N/A
2 $324.2K$209.2K
-35.5%
3 $495K$250K
-49.5%
4 $300K$366K
+22.0%
5+ --
N/A

Summary: 46511 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.5%, 3 bedroom homes decreased by 49.5%, 4 bedroom homes increased by 22%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46501
+5.1%
46563
-2.3%
46534
-10.4%
46511
-35.9%

Housing Supply in 46511, IN

How many homes are available in 46511, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3027-10.0%

Summary: The 46511 real estate market had 27 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 53
-40.0%
3 1513
-13.3%
4 55
0.0%
5+ 34
+33.3%

Summary: The 46511 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 40%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46511, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 46511 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 46511, 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 16 Days Ago

Newest Listings in 46511, IN

Nearby Markets to 46511, IN