Is Needham, IN 46162 a buyer’s or seller’s market?
Needham is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Needham housing market right now
In the three months ending August 31, 2026, 0% of homes in Needham, IN 46162 sold above their list price, the typical home went under contract in 77 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (3 days then) and the median sale price rose 27% to $519,275. Overall, Needham is less competitive than a year ago, which gives buyers more room.
Within Johnson County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Greenwood 46142 (16% sold over asking) and Whiteland 46184 (14% sold over asking) are even more competitive.
Run the numbers for 46162
Nearby markets
Bargersville 46106Seller’s market $178 /sq ftFranklin 46131Seller’s market $166 /sq ftGreenwood 46142Seller’s market $157 /sq ftGreenwood 46143Seller’s market $159 /sq ft Browse all markets →Where Needham is
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Questions about Needham real estate
Is Needham a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Needham, IN 46162 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Needham?
The typical home went under contract in 77 days in the latest three months.
Do homes in Needham sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Needham?
About 0.71% of a home’s value a year in Johnson County, or roughly $2,840 on a $400,000 home.
What is the median home price in Needham?
The median sale price was $519,275 in the three months ending August 31, 2026, about $226 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology