Is 46994, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46994 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 46994 has remained a Seller's Market.

Key Takeaway

46994 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46994, IN

How much do homes in 46994, IN cost?

Median Sold Price

$145,000

$112/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$15,000(-9.4%)

Key Takeaway

Homes in 46994 have sold for 9.4% less than they did a month ago.

Summary: The median home sold price in 46994 was $145,000 in October 2024, down 9.4% from last month, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$145K
N/A
3 $160K$149.2K
-6.7%
4 $249K-
N/A
5+ --
N/A

Summary: 46994 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 decreased by 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

46947
+28.6%
46970
+9.2%
46994
-9.4%

Housing Supply in 46994, IN

How many homes are available in 46994, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1113+18.2%

Summary: The 46994 real estate market had 13 homes for sale in October 2024, a 18.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 711
+57.1%
4 20
-100.0%
5+ 00
0.0%

Summary: The 46994 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46994, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 46994 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 46994, IN

How long does it take to sell a home in 46994, IN?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46994 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 46994; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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 46994, IN

Nearby Markets to 46994, IN