Is Near Northside, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Near Northside is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Near Northside was a Seller's Market.

Key Takeaway

Near Northside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Near Northside, IN

How much do homes in Near Northside, IN cost?

Median Sold Price

$410,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$11,000(-2.6%)

Key Takeaway

Homes in Near Northside have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Near Northside was $410,000 in April 2024, down 2.6% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $174.9K$170.7K
-2.4%
2 $297.5K$297K
-0.2%
3 $420K$416.2K
-0.9%
4 $507K$506K
-0.2%
5+ $695K$741K
+6.6%

Summary: Near Northside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Neighborhoods

Lincoln Park
+7.8%
Fall Creek Place
+7.0%
Near Northside
-2.6%
Herron-Morton Place
-8.7%

Housing Supply in Near Northside, IN

How many homes are available in Near Northside, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
130126-3.1%

Summary: The Near Northside real estate market had 126 homes for sale in April 2024, a 3.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 67
+16.7%
2 2220
-9.1%
3 5860
+3.4%
4 3532
-8.6%
5+ 97
-22.2%

Summary: The Near Northside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2721-22.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Near Northside, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Near Northside in April 2024, down by 22.2% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Near Northside, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
72 Days63 Days-11.8%

Summary: Homes in Near Northside had an average of 63 days on market in Apr 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 21 homes were sold in Near Northside; 62% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 33% 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 3 Days Ago

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