Is Beech Grove, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beech Grove is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$6,150(+3.4%)

Key Takeaway

Homes in Beech Grove have sold for 3.4% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$94.9K
N/A
2 $155K$159K
+2.6%
3 $190K$195.5K
+2.9%
4 $227.5K$225.5K
-0.9%
5+ $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
+3.4%
Warren Township
+2.6%
Center Township
+0.8%
Franklin Township
-1.8%
Perry Township
-2.1%

Housing Supply in Beech Grove, IN

How many homes are available in Beech Grove, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3336+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1110
-9.1%
3 1216
+33.3%
4 66
0.0%
5+ 44
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 2024Mar 2024CHANGE
1018+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beech Grove, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
26 Days31 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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