Is Beech Grove, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beech Grove is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Beech Grove has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Beech Grove, IN

How much do homes in Beech Grove, IN cost?

Median Sold Price

$199,995

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,995(+8.1%)

Key Takeaway

Homes in Beech Grove have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Beech Grove was $199,995 in November 2024, up 8.1% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$94.9K
N/A
2 $160K$165K
+3.1%
3 $195K$210K
+7.7%
4 $231K$254K
+10.0%
5+ $246K$263.6K
+7.2%

Summary: Beech Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Cities

Center Township
+8.7%
Beech Grove
+8.1%
Warren Township
+5.7%
Perry Township
+4.4%
Franklin Township
+0.6%

Housing Supply in Beech Grove, IN

How many homes are available in Beech Grove, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6056-6.7%

Summary: The Beech Grove real estate market had 56 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1915
-21.1%
3 3233
+3.1%
4 87
-12.5%
5+ 11
0.0%

Summary: The Beech Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beech Grove, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Beech Grove in November 2024, up by 20.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.

Days on Market for Beech Grove, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days28 Days+20.8%

Summary: Homes in Beech Grove had an average of 28 days on market in Nov 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in Beech Grove; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

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