$3,444 Closing Credit*
$290,000
2,112 SqFt
3 Beds
•3 Full Baths
Kelly Huff, Listing Office: F.C. Tucker Company
Is North Central, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Central has remained a Seller's Market.
Key Takeaway
North Central is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Central, IN
How much do homes in North Central, IN cost?
Median Sold Price
$390,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-2.5%)
Key Takeaway
Homes in North Central have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in North Central was $390,000 in October 2024, down 2.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $410K | +30.2% |
| 3 Bedrooms | $363.4K | $365K | 0.4% |
| 4 Bedrooms | $512.5K | $675K | +31.7% |
| 5+ Bedrooms | $840.1K | $905.5K | +7.8% |
Summary: North Central housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Ravenswood | $216K | $225K | +4.2% |
| North Central | $400K | $390K | -2.5% |
Housing Supply in North Central, IN
How many homes are available in North Central, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The North Central real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Central 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Central, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in North Central in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for North Central, IN
How long does it take to sell a home in North Central, IN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 17 Days | -52.3% |
Summary: Homes in North Central had an average of 17 days on market in Oct 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Central are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in North Central; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.