Is Near Northwest / Riverside, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Near Northwest / Riverside has remained a Seller's Market.
Housing Prices in Near Northwest / Riverside, IN
How much do homes in Near Northwest / Riverside, IN cost?
Median Sold Price
$129,450
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Near Northwest / Riverside was $129,450 in April 2024, down 1.9% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59K | - | N/A |
2 Bedrooms | $111K | $110K | -0.9% |
3 Bedrooms | $159K | $143K | -10.1% |
4 Bedrooms | $117.5K | $185K | +57.4% |
5+ Bedrooms | $70K | $70.5K | +0.7% |
Summary: Near Northwest / Riverside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 57.4%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
North Indianapolis | $81K | $120K | +48.1% |
Near Northwest / Riverside | $132K | $129.4K | -1.9% |
Housing Supply in Near Northwest / Riverside, IN
How many homes are available in Near Northwest / Riverside, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 52 | +15.6% |
Summary: The Near Northwest / Riverside real estate market had 52 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 24 | 29 | +20.8% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Near Northwest / Riverside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Near Northwest / Riverside in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Near Northwest / Riverside, IN
How long does it take to sell a home in Near Northwest / Riverside, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
91 Days | 33 Days | -63.8% |
Summary: Homes in Near Northwest / Riverside had an average of 33 days on market in Apr 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Near Northwest / Riverside; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.