Is Near Northside, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Near Northside is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Near Northside was a Seller's Market.

Key Takeaway

Near Northside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Near Northside, IN

How much do homes in Near Northside, IN cost?

Median Sold Price

$420,000

$195/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Near Northside has remained the same since last year.

Summary: The median home sold price in Near Northside was $420,000 in November 2024, the same as last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $179.9K$185K
+2.8%
2 $286K$387.5K
+35.5%
3 $420.4K$392.2K
-6.7%
4 $485K$555K
+14.4%
5+ $776.7K$590K
-24.0%

Summary: Near Northside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 35.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 24%.

Median Sold Price Compared To Nearby Neighborhoods

Near Northside
0.0%
Fall Creek Place
-1.8%
Lincoln Park
-12.2%

Housing Supply in Near Northside, IN

How many homes are available in Near Northside, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1051050.0%

Summary: The Near Northside real estate market had 105 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1315
+15.4%
3 5453
-1.9%
4 2727
0.0%
5+ 88
0.0%

Summary: The Near Northside housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1016+60.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Near Northside, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Near Northside in November 2024, up by 60.0% month-over-month. Of the 16 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Near Northside, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days46 Days-7.0%

Summary: Homes in Near Northside had an average of 46 days on market in Nov 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Near Northside has remained consistent over time.

Summary: During November 2024, 16 homes were sold in Near Northside; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% 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 21 Days Ago

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