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 August 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

$195,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$10,000(+5.4%)

Key Takeaway

Homes in Beech Grove have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Beech Grove was $195,000 in August 2024, up 5.4% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$94.9K
N/A
2 $158K$165K
+4.4%
3 $195.5K$205K
+4.9%
4 $233.2K$250.7K
+7.5%
5+ $321K$260K
-19.0%

Summary: Beech Grove housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 19%.

Median Sold Price Compared To Nearby Cities

Center Township
+7.7%
Beech Grove
+5.4%
Warren Township
+5.3%
Perry Township
+3.1%
Franklin Township
+2.2%

Housing Supply in Beech Grove, IN

How many homes are available in Beech Grove, IN?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
5958-1.7%

Summary: The Beech Grove real estate market had 58 homes for sale in August 2024, a 1.7% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 3532
-8.6%
4 910
+11.1%
5+ 10
-100.0%

Summary: The Beech Grove housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2516-36.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beech Grove, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Beech Grove in August 2024, down by 36.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% 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

Aug 2023Aug 2024CHANGE
7 Days17 Days+134.4%

Summary: Homes in Beech Grove had an average of 17 days on market in Aug 2024, up by 134.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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 August 2024, 16 homes were sold in Beech Grove; 81% of homes were sold within 30 days, 19% 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 18 Days Ago

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