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 buyer's market

Buyer's
Market

Difference Since Last Month

Last month, West Central was a Seller's Market.

Key Takeaway

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

Housing Prices in West Central, IN

How much do homes in West Central, IN cost?

Median Sold Price

$228,400

$159/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$221,350(-49.2%)

Key Takeaway

Homes in West Central have sold for 49.2% less than they did a month ago.

Summary: The median home sold price in West Central was $228,400 in November 2024, down 49.2% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $175K-
N/A
2 -$326.9K
N/A
3 $363.5K$129.9K
-64.3%
4 $522.5K-
N/A
5+ $863K-
N/A

Summary: West Central housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 64.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Nebraska
+31.7%
Hoagland Masterson
-22.9%
Hamilton
-35.5%
West Central
-49.2%

Housing Supply in West Central, IN

How many homes are available in West Central, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2628+7.7%

Summary: The West Central real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 810
+25.0%
3 811
+37.5%
4 66
0.0%
5+ 31
-66.7%

Summary: The West Central housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 50% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in West Central in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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