Is Beech Grove, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Beech Grove has remained a Seller's Market.
Housing Prices in Beech Grove, IN
How much do homes in Beech Grove, IN cost?
Median Sold Price
$188,150
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Beech Grove was $188,150 in March 2024, up 3.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $94.9K | N/A |
2 Bedrooms | $155K | $159K | +2.6% |
3 Bedrooms | $190K | $195.5K | +2.9% |
4 Bedrooms | $227.5K | $225.5K | -0.9% |
5+ Bedrooms | $249.9K | $255K | +2.0% |
Summary: Beech Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Beech Grove | $182K | $188.1K | +3.4% |
Warren Township | $195K | $200K | +2.6% |
Center Township | $180.3K | $181.8K | +0.8% |
Franklin Township | $285K | $279.9K | -1.8% |
Perry Township | $235K | $230K | -2.1% |
Housing Supply in Beech Grove, IN
How many homes are available in Beech Grove, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 36 | +9.1% |
Summary: The Beech Grove real estate market had 36 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Beech Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Beech Grove in March 2024, up by 80.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Beech Grove, IN
How long does it take to sell a home in Beech Grove, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 31 Days | +21.1% |
Summary: Homes in Beech Grove had an average of 31 days on market in Mar 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Beech Grove; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.