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

$197,000

$141/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$28,875(+17.2%)

Key Takeaway

Homes in 46805 have sold for 17.2% more than they did a month ago.

Summary: The median home sold price in 46805 was $197,000 in November 2024, up 17.2% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $67.5K-
N/A
2 $143.2K$76K
-46.9%
3 $200K$211.5K
+5.8%
4 $217K$230K
+6.0%
5+ --
N/A

Summary: 46805 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 46.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46803
+22.5%
46805
+17.2%
46808
-5.3%
46815
-7.0%
46802
-62.8%

Housing Supply in 46805, IN

How many homes are available in 46805, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9284-8.7%

Summary: The 46805 real estate market had 84 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 30
-100.0%
2 2922
-24.1%
3 4448
+9.1%
4 1513
-13.3%
5+ 11
0.0%

Summary: The 46805 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 decreased by 24.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3433-2.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46805, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 46805 in November 2024, down by 2.9% month-over-month. Of the 31 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% 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