Is 46805, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46805 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46805 has remained a Seller's Market.

Key Takeaway

46805 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46805, IN

How much do homes in 46805, IN cost?

Median Sold Price

$169,000

$136/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$14,950(-8.1%)

Key Takeaway

Homes in 46805 have sold for 8.1% less than they did a month ago.

Summary: The median home sold price in 46805 was $169,000 in October 2024, down 8.1% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $80K$67.5K
-15.6%
2 $161.5K$141.5K
-12.4%
3 $187.9K$200K
+6.4%
4 $248.7K$220K
-11.6%
5+ $596K-
N/A

Summary: 46805 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46802
+89.3%
46803
0.0%
46815
-1.0%
46805
-8.1%
46808
-9.7%

Housing Supply in 46805, IN

How many homes are available in 46805, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8294+14.6%

Summary: The 46805 real estate market had 94 homes for sale in October 2024, a 14.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1729
+70.6%
3 4546
+2.2%
4 1515
0.0%
5+ 21
-50.0%

Summary: The 46805 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 increased by 70.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2832+14.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46805, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 46805 in October 2024, up by 14.3% month-over-month. Of the 31 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% were sold over asking.

Days on Market for 46805, 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 46805, IN

Nearby Markets to 46805, IN