Is West Central, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Central is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Central has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Central, IN

How much do homes in West Central, IN cost?

Median Sold Price

$449,750

$186/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$267,750(+147.1%)

Key Takeaway

Homes in West Central have sold for 147.1% more than they did a month ago.

Summary: The median home sold price in West Central was $449,750 in October 2024, up 147.1% from last month, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $585K$175K
-70.1%
2 $165K-
N/A
3 $178.7K$363.5K
+103.4%
4 -$522.5K
N/A
5+ -$863K
N/A

Summary: West Central housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 70.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 103.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Hoagland Masterson
+162.5%
West Central
+147.1%
Hamilton
+24.5%
Nebraska
-37.0%

Housing Supply in West Central, IN

How many homes are available in West Central, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2629+11.5%

Summary: The West Central real estate market had 29 homes for sale in October 2024, a 11.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 68
+33.3%
3 119
-18.2%
4 57
+40.0%
5+ 24
+100.0%

Summary: The West Central housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 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 West Central, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in West Central in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for West Central, IN

We’re sorry, we don't have information for this market at the moment

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 West Central, IN

Nearby Markets to West Central, IN