Is 46701, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46701 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46701 has remained a Seller's Market.

Key Takeaway

46701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46701, IN

How much do homes in 46701, IN cost?

Median Sold Price

$220,000

$152/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$4,950(-2.2%)

Key Takeaway

Homes in 46701 have sold for 2.2% less than they did a month ago.

Summary: The median home sold price in 46701 was $220,000 in October 2024, down 2.2% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $165K$455K
+175.8%
4 $365K$209.9K
-42.5%
5+ -$170K
N/A

Summary: 46701 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 increased by 175.8%, 4 bedroom homes decreased by 42.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46723
+63.9%
46701
-2.2%

Housing Supply in 46701, IN

How many homes are available in 46701, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2024+20.0%

Summary: The 46701 real estate market had 24 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 1010
0.0%
4 56
+20.0%
5+ 33
0.0%

Summary: The 46701 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 150%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46701, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 46701 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 46701, 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 20 Days Ago

Newest Listings in 46701, IN

Nearby Markets to 46701, IN