Is 46703, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46703 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 46703 was a Seller's Market.

Key Takeaway

46703 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 46703, IN

How much do homes in 46703, IN cost?

Median Sold Price

$294,900

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$4,900(+1.7%)

Key Takeaway

Homes in 46703 have sold for 1.7% more than they did a month ago.

Summary: The median home sold price in 46703 was $294,900 in October 2024, up 1.7% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $65K-
N/A
2 $295K$299.9K
+1.7%
3 $287.5K$264.9K
-7.8%
4 $324.5K$380K
+17.1%
5+ $1.2M-
N/A

Summary: 46703 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 1.7%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46779
+80.9%
46747
+21.3%
46737
+11.3%
46703
+1.7%
46776
-63.4%

Housing Supply in 46703, IN

How many homes are available in 46703, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65650.0%

Summary: The 46703 real estate market had 65 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 66
0.0%
3 3638
+5.6%
4 1819
+5.6%
5+ 42
-50.0%

Summary: The 46703 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46703, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 46703 in October 2024, down by 41.2% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 46703, 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 14 Days Ago

Newest Listings in 46703, IN

Nearby Markets to 46703, IN