Is 46615, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46615 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 46615 was a Seller's Market.

Key Takeaway

46615 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 46615, IN

How much do homes in 46615, IN cost?

Median Sold Price

$193,700

$151/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$15,700(+8.8%)

Key Takeaway

Homes in 46615 have sold for 8.8% more than they did a month ago.

Summary: The median home sold price in 46615 was $193,700 in November 2024, up 8.8% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $122K$135K
+10.7%
3 $179K$225K
+25.7%
4 -$185K
N/A
5+ $380K-
N/A

Summary: 46615 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 increased by 10.7%, 3 bedroom homes increased by 25.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46613
+46.7%
46635
+37.8%
46617
+25.0%
46615
+8.8%
46545
-12.0%

Housing Supply in 46615, IN

How many homes are available in 46615, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7578+4.0%

Summary: The 46615 real estate market had 78 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2629
+11.5%
3 3432
-5.9%
4 1316
+23.1%
5+ 10
-100.0%

Summary: The 46615 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 11.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46615, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 46615 in November 2024, down by 25.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 46615, 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 2 Days Ago

Newest Listings in 46615, IN

Nearby Markets to 46615, IN