Is 46902, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46902 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 46902 has remained a Seller's Market.

Key Takeaway

46902 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46902, IN

How much do homes in 46902, IN cost?

Median Sold Price

$190,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+5.6%)

Key Takeaway

Homes in 46902 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 46902 was $190,000 in November 2024, up 5.6% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $97.4K$125K
+28.3%
3 $177.5K$188K
+5.9%
4 $260K$265K
+1.9%
5+ $249.5K$369.9K
+48.3%

Summary: 46902 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 48.3%.

Housing Supply in 46902, IN

How many homes are available in 46902, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
174173-0.6%

Summary: The 46902 real estate market had 173 homes for sale in November 2024, a 0.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1818
0.0%
3 110103
-6.4%
4 3843
+13.2%
5+ 88
0.0%

Summary: The 46902 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6031-48.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46902, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 46902 in November 2024, down by 48.3% month-over-month. Of the 31 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.

Days on Market for 46902, IN

How long does it take to sell a home in 46902, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days29 Days+12.6%

Summary: Homes in 46902 had an average of 29 days on market in Nov 2024, up by 12.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46902 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 31 homes were sold in 46902; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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