Is 46725, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46725 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46725 has remained a Seller's Market.

Key Takeaway

46725 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46725, IN

How much do homes in 46725, IN cost?

Median Sold Price

$286,000

$157/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$9,000(+3.2%)

Key Takeaway

Homes in 46725 have sold for 3.2% more than they did a month ago.

Summary: The median home sold price in 46725 was $286,000 in November 2024, up 3.2% from last month, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $50K-
N/A
2 $174K$202.4K
+16.3%
3 $262.5K$289K
+10.1%
4 $344.9K$325K
-5.8%
5+ $394.5K-
N/A

Summary: 46725 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 16.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46764
+28.3%
46814
+16.2%
46725
+3.2%
46787
+3.1%
46723
-45.5%

Housing Supply in 46725, IN

How many homes are available in 46725, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9283-9.8%

Summary: The 46725 real estate market had 83 homes for sale in November 2024, a 9.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1310
-23.1%
3 5452
-3.7%
4 1817
-5.6%
5+ 53
-40.0%

Summary: The 46725 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3420-41.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46725, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 46725 in November 2024, down by 41.2% month-over-month. Of the 20 sold homes, 45% were sold under asking, 40% were sold at asking, and 15% were sold over asking.

Days on Market for 46725, 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 18 Days Ago

Newest Listings in 46725, IN

Nearby Markets to 46725, IN