Is 46797, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46797 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 46797 has remained a Buyer's Market.

Key Takeaway

46797 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 46797, IN

How much do homes in 46797, IN cost?

Median Sold Price

$289,900

$130/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$67,400(+30.3%)

Key Takeaway

Homes in 46797 have sold for 30.3% more than they did a month ago.

Summary: The median home sold price in 46797 was $289,900 in November 2024, up 30.3% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $180K$375K
+108.3%
4 $265K$289.9K
+9.4%
5+ --
N/A

Summary: 46797 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 increased by 108.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46797
+30.3%
46774
+1.0%
46743
-7.8%

Housing Supply in 46797, IN

How many homes are available in 46797, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2225+13.6%

Summary: The 46797 real estate market had 25 homes for sale in November 2024, a 13.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 911
+22.2%
4 1010
0.0%
5+ 22
0.0%

Summary: The 46797 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 100%, 3 bedroom homes increased by 22.2%, 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

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46797, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 46797 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 46797, 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 46797, IN

Nearby Markets to 46797, IN