Is 46940, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46940 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46940 has remained a Seller's Market.

Key Takeaway

46940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46940, IN

How much do homes in 46940, IN cost?

Median Sold Price

$349,000

$149/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$197,000(+129.6%)

Key Takeaway

Homes in 46940 have sold for 129.6% more than they did a month ago.

Summary: The median home sold price in 46940 was $349,000 in October 2024, up 129.6% from last month, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $79.5K-
N/A
2 -$349K
N/A
3 $152K-
N/A
4 $287.5K$312.5K
+8.7%
5+ --
N/A

Summary: 46940 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46919
+210.1%
46940
+129.6%
46992
-23.0%
46952
-27.2%

Housing Supply in 46940, IN

How many homes are available in 46940, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97-22.2%

Summary: The 46940 real estate market had 7 homes for sale in October 2024, a 22.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 01
+100.0%
3 32
-33.3%
4 32
-33.3%
5+ 11
0.0%

Summary: The 46940 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46940, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 46940 in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 46940, 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 46940, IN

Nearby Markets to 46940, IN