Is 46975, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46975 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 46975 was a Seller's Market.

Key Takeaway

46975 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 46975, IN

How much do homes in 46975, IN cost?

Median Sold Price

$187,500

$137/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$106,950(-36.3%)

Key Takeaway

Homes in 46975 have sold for 36.3% less than they did a month ago.

Summary: The median home sold price in 46975 was $187,500 in October 2024, down 36.3% from last month, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $325K-
N/A
2 $350K$165K
-52.9%
3 $254.5K$165K
-35.2%
4 $281.5K$485K
+72.3%
5+ -$420K
N/A

Summary: 46975 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 decreased by 52.9%, 3 bedroom homes decreased by 35.2%, 4 bedroom homes increased by 72.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46939
+75.3%
46501
+5.1%
46975
-36.3%

Housing Supply in 46975, IN

How many homes are available in 46975, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5754-5.3%

Summary: The 46975 real estate market had 54 homes for sale in October 2024, a 5.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 911
+22.2%
3 2825
-10.7%
4 1615
-6.3%
5+ 33
0.0%

Summary: The 46975 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
168-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46975, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 46975 in October 2024, down by 50.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for 46975, 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 20 Days Ago

Newest Listings in 46975, IN

Nearby Markets to 46975, IN