Is 46962, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46962 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46962 has remained a Seller's Market.

Key Takeaway

46962 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46962, IN

How much do homes in 46962, IN cost?

Median Sold Price

$175,000

$99/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$35,000(+25.0%)

Key Takeaway

Homes in 46962 have sold for 25% more than they did a month ago.

Summary: The median home sold price in 46962 was $175,000 in October 2024, up 25% from last month, and the median price per square foot was $99.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $88K$138K
+56.8%
3 $195.2K$191K
-2.2%
4 -$172K
N/A
5+ --
N/A

Summary: 46962 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 increased by 56.8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 46962, IN

How many homes are available in 46962, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2521-16.0%

Summary: The 46962 real estate market had 21 homes for sale in October 2024, a 16.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1614
-12.5%
4 33
0.0%
5+ 11
0.0%

Summary: The 46962 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46962, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 46962 in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for 46962, 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 23 Days Ago

Newest Listings in 46962, IN

Nearby Markets to 46962, IN