Is 46538, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46538 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46538 has remained a Seller's Market.

Key Takeaway

46538 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46538, IN

How much do homes in 46538, IN cost?

Median Sold Price

$421,900

$258/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$126,150(+42.7%)

Key Takeaway

Homes in 46538 have sold for 42.7% more than they did a month ago.

Summary: The median home sold price in 46538 was $421,900 in October 2024, up 42.7% from last month, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $200K$421.9K
+110.9%
3 $289.5K$654K
+125.9%
4 $302K$420K
+39.1%
5+ $1.3M-
N/A

Summary: 46538 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 increased by 110.9%, 3 bedroom homes increased by 125.9%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46538
+42.7%
46555
+31.1%
46567
+7.2%
46582
+6.7%
46542
-37.3%

Housing Supply in 46538, IN

How many homes are available in 46538, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
29290.0%

Summary: The 46538 real estate market had 29 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1413
-7.1%
4 1010
0.0%
5+ 21
-50.0%

Summary: The 46538 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 66.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

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 46538, 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 46538 in October 2024, down by 37.5% 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 46538, 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 4 Days Ago

Newest Listings in 46538, IN

Nearby Markets to 46538, IN