Is 46706, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46706 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 46706 was a Buyer's Market.

Key Takeaway

46706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46706, IN

How much do homes in 46706, IN cost?

Median Sold Price

$224,450

$146/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$95,550(-29.9%)

Key Takeaway

Homes in 46706 have sold for 29.9% less than they did a month ago.

Summary: The median home sold price in 46706 was $224,450 in September 2024, down 29.9% from last month, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $177.7K-
N/A
3 $399.9K$209.7K
-47.5%
4 $377.5K$355K
-6.0%
5+ -$854.9K
N/A

Summary: 46706 housing prices by bedroom type for September 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 47.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46738
+34.9%
46765
+4.1%
46748
-25.0%
46706
-29.9%

Housing Supply in 46706, IN

How many homes are available in 46706, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
74101+36.5%

Summary: The 46706 real estate market had 101 homes for sale in September 2024, a 36.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 3154
+74.2%
4 3236
+12.5%
5+ 56
+20.0%

Summary: The 46706 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 74.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
526+420.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46706, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 46706 in September 2024, up by 420.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% were sold over asking.

Days on Market for 46706, 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 46706, IN

Nearby Markets to 46706, IN