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

$140,000

$84/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$45,000(-24.3%)

Key Takeaway

Homes in 46740 have sold for 24.3% less than they did a month ago.

Summary: The median home sold price in 46740 was $140,000 in November 2024, down 24.3% from last month, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$118K
N/A
3 $185K$140K
-24.3%
4 -$280K
N/A
5+ --
N/A

Summary: 46740 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 did not change, 3 bedroom homes decreased by 24.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46714
+3.8%
46740
-24.3%
46711
-43.5%

Housing Supply in 46740, IN

How many homes are available in 46740, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The 46740 real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 42
-50.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 46740 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 46740 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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