46216 Housing Market Report February 2025Marion County, Indiana

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Housing Prices in 46216, IN

How much do homes in 46216, IN cost?

Housing Market Conditions

Is 46216, IN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

46216 is a Seller's Market

Difference Since January 2025

Last month, 46216 has remained a Seller's Market.

Insight

46216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$259,900$177/SqFt
-$102,595
-28.3%

Based on all homes sold in February 2025

Insight

Homes in 46216 have sold for 28.3% less than they did a month ago.

Summary: The median home sold price in 46216 was $259,900 in February 2025, down 28.3% from last month, and the median price per square foot was $177.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2-$238.5K
N/A
3$362.4K$268.4K
-25.9%
4--
N/A
5--
N/A

Summary: 46216 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -25.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 46216, IN

How many homes are available in 46216, IN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
13Last MonthFeb 2025
112 months agoJan 2025
+18.2 %
Change MoMJan – Feb

Summary: The 46216 real estate market had 13 homes for sale in Feb 2025, a 18.2 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
22 months agoJan 2025
+50.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
378
+14.3%
100
0.0%
223
+50.0%
411
0.0%
511
0.0%

Summary: 46216 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 3 bedroom homes increased by +14.3%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 46216, IN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in 46216, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 46216 in February 2025, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and and 33% were sold over asking.

Days on Market for 46216, IN

How long does it take to sell a home in 46216, IN?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in 46216 has remained consistent over time.

Summary: During February 2025, 3 homes were sold in 46216; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
97 DaysLast MonthFeb 2025
132 Days1 month agoJan 2025
-26.3 %
Change MoMJan – Feb

Summary: Homes in 46216 had an average listing age of 97 days in Feb 2025, down by 26.3% compared to the previous month.

Newest Listings in 46216, IN

What homes are available in 46216, IN?

MLS Disclaimers and Copyright

Based on information from MIBOR Broker Listing Cooperative®, for the period 01/01/2025 - 03/01/2025

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 10:16:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.