Is Westfield, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westfield is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Westfield has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Westfield, IN

How much do homes in Westfield, IN cost?

Median Sold Price

$445,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,445(-1.0%)

Key Takeaway

Homes in Westfield have sold for 1% less than they did a year ago.

Summary: The median home sold price in Westfield was $445,000 in November 2024, down 1% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $350K$341.9K
-2.3%
3 $379.5K$380K
0.1%
4 $480K$490.9K
+2.3%
5+ $678.6K$612.9K
-9.7%

Summary: Westfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Cities

Carmel
+6.7%
Noblesville Township
0.1%
Westfield
-1.0%
Washington Township
-3.0%

Housing Supply in Westfield, IN

How many homes are available in Westfield, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
405343-15.3%

Summary: The Westfield real estate market had 343 homes for sale in November 2024, a 15.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 4038
-5.0%
3 159123
-22.6%
4 121102
-15.7%
5+ 8580
-5.9%

Summary: The Westfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10187-13.9%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westfield, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 87 homes were sold or pending in Westfield in November 2024, down by 13.9% month-over-month. Of the 87 sold homes, 62% were sold under asking, 22% were sold at asking, and 16% were sold over asking.

Days on Market for Westfield, IN

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days40 Days+10.3%

Summary: Homes in Westfield had an average of 40 days on market in Nov 2024, up by 10.3% compared to last year.

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 87 homes were sold in Westfield; 70% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

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