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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Indianapolis is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, West Indianapolis was a Seller's Market.

Key Takeaway

West Indianapolis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in West Indianapolis, IN

How much do homes in West Indianapolis, IN cost?

Median Sold Price

$137,500

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,500(+14.6%)

Key Takeaway

Homes in West Indianapolis have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in West Indianapolis was $137,500 in November 2024, up 14.6% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$84.2K
+53.1%
2 $79.9K$115K
+43.9%
3 $128.5K$160K
+24.5%
4 $143K$155.5K
+8.7%
5+ -$119.5K
N/A

Summary: West Indianapolis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.1%, 2 bedroom homes increased by 43.9%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes did not change.

Housing Supply in West Indianapolis, IN

How many homes are available in West Indianapolis, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1824+33.3%

Summary: The West Indianapolis real estate market had 24 homes for sale in November 2024, a 33.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 912
+33.3%
3 34
+33.3%
4 11
0.0%
5+ 23
+50.0%

Summary: The West Indianapolis housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were 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 Indianapolis, 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 West Indianapolis in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for West Indianapolis, IN

How long does it take to sell a home in West Indianapolis, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days69 Days+290.9%

Summary: Homes in West Indianapolis had an average of 69 days on market in Nov 2024, up by 290.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Indianapolis are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in West Indianapolis; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

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