Is 46740, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46740 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46740 has remained a Seller's Market.

Key Takeaway

46740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46740, IN

How much do homes in 46740, IN cost?

Median Sold Price

$185,000

$108/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$67,500(-26.7%)

Key Takeaway

Homes in 46740 have sold for 26.7% less than they did a month ago.

Summary: The median home sold price in 46740 was $185,000 in October 2024, down 26.7% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $252.5K-
N/A
3 -$185K
N/A
4 --
N/A
5+ --
N/A

Summary: 46740 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46711
+64.3%
46740
-26.7%
46714
-31.2%

Housing Supply in 46740, IN

How many homes are available in 46740, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
990.0%

Summary: The 46740 real estate market had 9 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 44
0.0%
4 22
0.0%
5+ 01
+100.0%

Summary: The 46740 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46740, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 46740 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 46740, 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 46740, IN

Nearby Markets to 46740, IN