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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46540 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 46540 was a Buyer's Market.

Key Takeaway

46540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46540, IN

How much do homes in 46540, IN cost?

Median Sold Price

$255,000

$138/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$60,500(-19.2%)

Key Takeaway

Homes in 46540 have sold for 19.2% less than they did a month ago.

Summary: The median home sold price in 46540 was $255,000 in October 2024, down 19.2% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $305K$274K
-10.2%
4 $326K$254.5K
-21.9%
5+ --
N/A

Summary: 46540 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 did not change, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46565
+26.4%
46507
+25.2%
46528
+7.8%
46540
-19.2%

Housing Supply in 46540, IN

How many homes are available in 46540, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2938+31.0%

Summary: The 46540 real estate market had 38 homes for sale in October 2024, a 31.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 03
+100.0%
3 1618
+12.5%
4 89
+12.5%
5+ 58
+60.0%

Summary: The 46540 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 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
411+175.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 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 may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 46540 in October 2024, up by 175.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% 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 17 Days Ago

Newest Listings in 46540, IN

Nearby Markets to 46540, IN