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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46975 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 46975 was a Neutral Market.

Key Takeaway

46975 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46975, IN

How much do homes in 46975, IN cost?

Median Sold Price

$239,500

$130/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$52,000(+27.7%)

Key Takeaway

Homes in 46975 have sold for 27.7% more than they did a month ago.

Summary: The median home sold price in 46975 was $239,500 in November 2024, up 27.7% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $165K$166K
+0.6%
3 $165K$270K
+63.6%
4 $485K$220K
-54.6%
5+ $420K-
N/A

Summary: 46975 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 increased by 0.6%, 3 bedroom homes increased by 63.6%, 4 bedroom homes decreased by 54.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46501
+55.2%
46975
+27.7%
46939
-47.8%

Housing Supply in 46975, IN

How many homes are available in 46975, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54540.0%

Summary: The 46975 real estate market had 54 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 129
-25.0%
3 2525
0.0%
4 1418
+28.6%
5+ 32
-33.3%

Summary: The 46975 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were 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. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 46975 in November 2024, up by 75.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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 21 Days Ago

Newest Listings in 46975, IN

Nearby Markets to 46975, IN