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 buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Near Westside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Near Westside, IN

How much do homes in Near Westside, IN cost?

Median Sold Price

$125,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,750(-5.8%)

Key Takeaway

Homes in Near Westside have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in Near Westside was $125,000 in October 2024, down 5.8% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$180K
+89.5%
2 $100K$105K
+5.0%
3 $149.9K$154.8K
+3.2%
4 $144K$160K
+11.1%
5+ $177.5K$147.9K
-16.7%

Summary: Near Westside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.5%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Neighborhoods

Hawthorne
+25.3%
Near Westside
-5.8%

Housing Supply in Near Westside, IN

How many homes are available in Near Westside, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
93103+10.8%

Summary: The Near Westside real estate market had 103 homes for sale in October 2024, a 10.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2232
+45.5%
3 5458
+7.4%
4 1511
-26.7%
5+ 11
0.0%

Summary: The Near Westside housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 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. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Near Westside in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
32 Days31 Days-3.9%

Summary: Homes in Near Westside had an average of 31 days on market in Oct 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 14 homes were sold in Near Westside; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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

Newest Listings in Near Westside, IN

Nearby Markets to Near Westside, IN