Is 46807, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46807 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46807 has remained a Seller's Market.

Key Takeaway

46807 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46807, IN

How much do homes in 46807, IN cost?

Median Sold Price

$214,000

$118/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$70,000(+48.6%)

Key Takeaway

Homes in 46807 have sold for 48.6% more than they did a month ago.

Summary: The median home sold price in 46807 was $214,000 in December 2024, up 48.6% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $157.5K-
N/A
2 $124K$214K
+72.6%
3 $208K$183K
-12.0%
4 $205K$199.7K
-2.6%
5+ -$264.9K
N/A

Summary: 46807 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.6%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46807
+48.6%
46802
+44.1%
46806
+7.2%
46803
-29.8%
46809
-39.5%

Housing Supply in 46807, IN

How many homes are available in 46807, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5158+13.7%

Summary: The 46807 real estate market had 58 homes for sale in December 2024, a 13.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 98
-11.1%
3 2937
+27.6%
4 1112
+9.1%
5+ 11
0.0%

Summary: The 46807 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46807, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in 46807 in December 2024, down by 18.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% were sold over asking.

Days on Market for 46807, 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 1 Day Ago

Newest Listings in 46807, IN

Nearby Markets to 46807, IN