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 buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, West Indianapolis has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in West Indianapolis, IN

How much do homes in West Indianapolis, IN cost?

Median Sold Price

$136,250

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,250(+21.7%)

Key Takeaway

Homes in West Indianapolis have sold for 21.7% more than they did a year ago.

Summary: The median home sold price in West Indianapolis was $136,250 in October 2024, up 21.7% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $45K$84.2K
+87.1%
2 $84.9K$119K
+40.2%
3 $129.2K$150K
+16.1%
4 $122K$159.7K
+30.9%
5+ -$119.5K
N/A

Summary: West Indianapolis housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.1%, 2 bedroom homes increased by 40.2%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 30.9%, 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

Sep 2024Oct 2024CHANGE
2722-18.5%

Summary: The West Indianapolis real estate market had 22 homes for sale in October 2024, a 18.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1010
0.0%
3 116
-45.5%
4 11
0.0%
5+ 22
0.0%

Summary: The West Indianapolis 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 decreased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Indianapolis, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in West Indianapolis in October 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
9 Days29 Days+227.8%

Summary: Homes in West Indianapolis had an average of 29 days on market in Oct 2024, up by 227.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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 October 2024, 2 homes were sold in West Indianapolis; 50% of homes were sold within 30 days, 50% 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 West Indianapolis, IN

Nearby Markets to West Indianapolis, IN