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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Whitestown is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Whitestown was a Buyer's Market.

Key Takeaway

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

Housing Prices in Whitestown, IN

How much do homes in Whitestown, IN cost?

Median Sold Price

$344,436

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$20,563(-5.6%)

Key Takeaway

Homes in Whitestown have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Whitestown was $344,436 in May 2024, down 5.6% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $321K$305K
-5.0%
3 $315K$324K
+2.9%
4 $411K$378K
-8.0%
5+ $500K$428.3K
-14.3%

Summary: Whitestown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 14.3%.

Median Sold Price Compared To Nearby Cities

Lebanon
+18.3%
Eagle Township
+13.9%
Worth Township
+0.8%
Whitestown
-5.6%
Perry Township
-18.1%

Housing Supply in Whitestown, IN

How many homes are available in Whitestown, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
144145+0.7%

Summary: The Whitestown real estate market had 145 homes for sale in May 2024, a 0.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 6258
-6.5%
4 3945
+15.4%
5+ 2927
-6.9%

Summary: The Whitestown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 6.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3559+68.6%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Whitestown, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Whitestown in May 2024, up by 68.6% month-over-month. Of the 59 sold homes, 49% were sold under asking, 37% were sold at asking, and 14% were sold over asking.

Days on Market for Whitestown, IN

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

Average Sale Time

May 2023May 2024CHANGE
47 Days35 Days-24.9%

Summary: Homes in Whitestown had an average of 35 days on market in May 2024, down by 24.9% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 59 homes were sold in Whitestown; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% 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 1 Day Ago

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