Is 46802, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46802 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46802 has remained a Seller's Market.

Key Takeaway

46802 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46802, IN

How much do homes in 46802, IN cost?

Median Sold Price

$118,000

$108/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$199,450(-62.8%)

Key Takeaway

Homes in 46802 have sold for 62.8% less than they did a month ago.

Summary: The median home sold price in 46802 was $118,000 in November 2024, down 62.8% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $175K-
N/A
2 $492.5K$104K
-78.9%
3 $220.5K$123K
-44.2%
4 $391.2K$140K
-64.2%
5+ $542.4K-
N/A

Summary: 46802 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 decreased by 78.9%, 3 bedroom homes decreased by 44.2%, 4 bedroom homes decreased by 64.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46803
+22.5%
46805
+17.2%
46808
-5.3%
46807
-21.3%
46802
-62.8%

Housing Supply in 46802, IN

How many homes are available in 46802, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4948-2.0%

Summary: The 46802 real estate market had 48 homes for sale in November 2024, a 2.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 1516
+6.7%
3 1721
+23.5%
4 98
-11.1%
5+ 73
-57.1%

Summary: The 46802 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 57.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46802, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 46802 in November 2024, down by 21.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for 46802, 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 46802, IN

Nearby Markets to 46802, IN