Is 46992, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46992 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46992 has remained a Seller's Market.

Key Takeaway

46992 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46992, IN

How much do homes in 46992, IN cost?

Median Sold Price

$132,700

$118/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$39,550(-23.0%)

Key Takeaway

Homes in 46992 have sold for 23% less than they did a month ago.

Summary: The median home sold price in 46992 was $132,700 in October 2024, down 23% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $108.5K$99.9K
-7.9%
3 $195K$169.2K
-13.2%
4 $140K$350K
+150.0%
5+ $290K-
N/A

Summary: 46992 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 7.9%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 150%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46940
+129.6%
46911
+68.7%
46992
-23.0%
46941
-26.5%

Housing Supply in 46992, IN

How many homes are available in 46992, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5967+13.6%

Summary: The 46992 real estate market had 67 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1311
-15.4%
3 2733
+22.2%
4 1115
+36.4%
5+ 66
0.0%

Summary: The 46992 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 15.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2014-30.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46992, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in 46992 in October 2024, down by 30.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market for 46992, 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 46992, IN

Nearby Markets to 46992, IN