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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46511 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 46511 was a Seller's Market.

Key Takeaway

46511 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46511, IN

How much do homes in 46511, IN cost?

Median Sold Price

$457,300

$156/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$207,300(+82.9%)

Key Takeaway

Homes in 46511 have sold for 82.9% more than they did a month ago.

Summary: The median home sold price in 46511 was $457,300 in November 2024, up 82.9% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $79.5K$457.3K
+475.2%
2 $209.2K-
N/A
3 $250K-
N/A
4 $366K$416K
+13.7%
5+ --
N/A

Summary: 46511 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 475.2%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46511
+82.9%
46501
+55.2%
46563
+26.2%
46534
-39.5%

Housing Supply in 46511, IN

How many homes are available in 46511, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2623-11.5%

Summary: The 46511 real estate market had 23 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 31
-66.7%
3 1211
-8.3%
4 54
-20.0%
5+ 45
+25.0%

Summary: The 46511 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 decreased by 66.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 46511 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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 17 Days Ago

Newest Listings in 46511, IN

Nearby Markets to 46511, IN