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

Since last month, 46706 has remained a Seller'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

$277,000

$157/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$52,550(+23.4%)

Key Takeaway

Homes in 46706 have sold for 23.4% more than they did a month ago.

Summary: The median home sold price in 46706 was $277,000 in October 2024, up 23.4% from last month, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$101K
N/A
2 -$197.5K
N/A
3 $200.5K$284.5K
+41.9%
4 $354.9K$300K
-15.5%
5+ $854.9K$400K
-53.2%

Summary: 46706 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 41.9%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 53.2%.

Median Sold Price Compared To Nearby Zip Codes

46788
+89.1%
46706
+23.4%
46765
-10.7%
46748
-15.2%
46738
-28.3%

Housing Supply in 46706, IN

How many homes are available in 46706, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98100+2.0%

Summary: The 46706 real estate market had 100 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 5358
+9.4%
4 3430
-11.8%
5+ 66
0.0%

Summary: The 46706 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 25%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2627+3.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 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. 56% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 46706 in October 2024, up by 3.8% month-over-month. Of the 25 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% 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