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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Near Westside is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Near Westside, IN

How much do homes in Near Westside, IN cost?

Median Sold Price

$125,750

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,250(-5.5%)

Key Takeaway

Homes in Near Westside have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in Near Westside was $125,750 in November 2024, down 5.5% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $95K$171.7K
+80.8%
2 $100K$105.5K
+5.5%
3 $149.9K$159.9K
+6.7%
4 $140K$162.5K
+16.1%
5+ $177.5K$147.9K
-16.7%

Summary: Near Westside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Neighborhoods

Hawthorne
+31.8%
Near Westside
-5.5%

Housing Supply in Near Westside, IN

How many homes are available in Near Westside, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9795-2.1%

Summary: The Near Westside real estate market had 95 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 2930
+3.4%
3 5551
-7.3%
4 1112
+9.1%
5+ 11
0.0%

Summary: The Near Westside 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 increased by 3.4%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1521+40.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Near Westside, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Near Westside in November 2024, up by 40.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% were sold over asking.

Days on Market for Near Westside, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days35 Days-38.1%

Summary: Homes in Near Westside had an average of 35 days on market in Nov 2024, down by 38.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 21 homes were sold in Near Westside; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% 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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