Is 46809, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46809 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46809 has remained a Seller's Market.

Key Takeaway

46809 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46809, IN

How much do homes in 46809, IN cost?

Median Sold Price

$121,000

$101/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$79,000(-39.5%)

Key Takeaway

Homes in 46809 have sold for 39.5% less than they did a month ago.

Summary: The median home sold price in 46809 was $121,000 in December 2024, down 39.5% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $97.9K$99.2K
+1.3%
3 $200K$126K
-37.0%
4 $228K$240K
+5.3%
5+ --
N/A

Summary: 46809 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 1.3%, 3 bedroom homes decreased by 37%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46807
+48.6%
46802
+44.1%
46819
+1.9%
46804
-4.5%
46809
-39.5%

Housing Supply in 46809, IN

How many homes are available in 46809, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2825-10.7%

Summary: The 46809 real estate market had 25 homes for sale in December 2024, a 10.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1614
-12.5%
4 85
-37.5%
5+ 11
0.0%

Summary: The 46809 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
146-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46809, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 46809 in December 2024, down by 57.1% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 46809, 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 4 Days Ago

Newest Listings in 46809, IN

Nearby Markets to 46809, IN