Is Old Southside, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Southside is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Old Southside was a Seller's Market.

Key Takeaway

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

Housing Prices in Old Southside, IN

How much do homes in Old Southside, IN cost?

Median Sold Price

$187,500

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$57,500(-23.5%)

Key Takeaway

Homes in Old Southside have sold for 23.5% less than they did a year ago.

Summary: The median home sold price in Old Southside was $187,500 in October 2024, down 23.5% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $217.5K$130K
-40.2%
3 $207K$207K
0.0%
4 $287.5K$256.1K
-10.9%
5+ $182K$160K
-12.1%

Summary: Old Southside 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 decreased by 40.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 12.1%.

Median Sold Price Compared To Nearby Neighborhoods

Near Southside
-1.0%
Old Southside
-23.5%

Housing Supply in Old Southside, IN

How many homes are available in Old Southside, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3237+15.6%

Summary: The Old Southside real estate market had 37 homes for sale in October 2024, a 15.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1416
+14.3%
4 912
+33.3%
5+ 55
0.0%

Summary: The Old Southside 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Southside, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Old Southside in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Old Southside, IN

How long does it take to sell a home in Old Southside, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days42 Days+141.4%

Summary: Homes in Old Southside had an average of 42 days on market in Oct 2024, up by 141.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Old Southside has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Old Southside; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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 Old Southside, IN

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