46231 Home Values & Market Trends
There are 2 homes currently listed for 46231. 46231 real estate market trends show that home prices range from $250,000 to $1,500,000, and the median sales price in the 46231 zip code is $251,989.95. The total number of properties sold within the past twelve months is 268. In 46231, 14 properties are in foreclosure, 0 are bank owned properties,and 3 are headed for auction.
46231 Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Indianapolis | $ 241,747 $ 145/sqft | Indianapolis | $ 241,747 $ 145/sqft |
Housing Market Summary for 46231
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $1.3M | $244K | -80.59% |
Median Sold Price | $261K | $244K | -6.52% |
Homes For Sale | 1 | 2 | 100.00% |
Homes Sold | 80 | 79 | -1.25% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in 46231
The median list price of a home in Indianapolis, is $251,989.95. A total of 2 properties are for sale, and the percentage of properties for sale in the zip code is 2.00%. The total count of 46231 properties is 3,641.
- Pre-ForeclosurePre-foreclosure homes account for 0.30% of all residential properties in 46231 with indianapolis containing 708 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 2 cities within 46231; of those cities, the estimated home value for pre-foreclosure homes ranges from $728,244 in indianapolis to the lowest home value of $36,565 in indianapolis.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 46231 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 46231. There are 2 cities within 46231; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsindianapolis has 115 auction properties, the highest number of properties going to auction in a single city in the state of 46231. Auction homes and other auction properties account for 0.08% of all properties in 46231. There are 2 cities within 46231; of those cities, the median estimated home value for homes going to auction ranges from $1,214,441 in indianapolis to the lowest value of $64,464 in indianapolis.
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Guide for 46231
The real estate market in Indianapolis, Indiana has shown growth in property values from March 2023 to January 2024, despite a minor dip in properties sold.
The Fort Wayne, Indiana real estate market showed impressive growth trends in 2023, with property values and prices per square foot showing an upward trajectory, suggesting potential for continued growth.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.