Is 46540, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46540 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 46540 was a Seller's Market.

Key Takeaway

46540 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46540, IN

How much do homes in 46540, IN cost?

Median Sold Price

$365,000

$122/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$110,000(+43.1%)

Key Takeaway

Homes in 46540 have sold for 43.1% more than they did a month ago.

Summary: The median home sold price in 46540 was $365,000 in November 2024, up 43.1% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $274K$353.2K
+28.9%
4 $254.5K$365K
+43.4%
5+ --
N/A

Summary: 46540 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46540
+43.1%
46565
+25.2%
46507
+24.8%
46528
-4.9%

Housing Supply in 46540, IN

How many homes are available in 46540, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3733-10.8%

Summary: The 46540 real estate market had 33 homes for sale in November 2024, a 10.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1812
-33.3%
4 87
-12.5%
5+ 89
+12.5%

Summary: The 46540 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 increased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
113-72.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46540, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 46540 in November 2024, down by 72.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 46540, 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 18 Days Ago

Newest Listings in 46540, IN

Nearby Markets to 46540, IN