Is 46845, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46845 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46845 has remained a Seller's Market.

Key Takeaway

46845 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46845, IN

How much do homes in 46845, IN cost?

Median Sold Price

$385,000

$169/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$4,050(-1.0%)

Key Takeaway

Homes in 46845 have sold for 1% less than they did a month ago.

Summary: The median home sold price in 46845 was $385,000 in November 2024, down 1% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $346.2K$264K
-23.8%
3 $417K$367K
-12.0%
4 $369K$417.5K
+13.1%
5+ $445K$452.5K
+1.7%

Summary: 46845 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 23.8%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

46825
+3.8%
46845
-1.0%
46835
-2.5%
46748
-43.6%
46765
-54.6%

Housing Supply in 46845, IN

How many homes are available in 46845, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
148150+1.4%

Summary: The 46845 real estate market had 150 homes for sale in November 2024, a 1.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 6262
0.0%
4 6359
-6.3%
5+ 1825
+38.9%

Summary: The 46845 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 38.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3543+22.9%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46845, you may be able to get a good deal. 62.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 46845 in November 2024, up by 22.9% month-over-month. Of the 43 sold homes, 63% were sold under asking, 30% were sold at asking, and 7% were sold over asking.

Days on Market for 46845, 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 46845, IN

Nearby Markets to 46845, IN