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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Near Southside is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Near Southside has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Near Southside, IN

How much do homes in Near Southside, IN cost?

Median Sold Price

$252,500

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,500(+7.4%)

Key Takeaway

Homes in Near Southside have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Near Southside was $252,500 in April 2024, up 7.4% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $155.5K-
N/A
2 $155K$178.9K
+15.4%
3 $250K$274K
+9.6%
4 $318.8K$322K
+1.0%
5+ $345K$319.5K
-7.4%

Summary: Near Southside 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 increased by 15.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Neighborhoods

Near Southside
+7.4%
Bates Hendricks
0.5%

Housing Supply in Near Southside, IN

How many homes are available in Near Southside, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9395+2.2%

Summary: The Near Southside real estate market had 95 homes for sale in April 2024, a 2.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1313
0.0%
3 5050
0.0%
4 2628
+7.7%
5+ 33
0.0%

Summary: The Near Southside 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 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 Southside, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Near Southside in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 37% were sold at asking, and 16% were sold over asking.

Days on Market for Near Southside, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
46 Days70 Days+51.4%

Summary: Homes in Near Southside had an average of 70 days on market in Apr 2024, up by 51.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 19 homes were sold in Near Southside; 53% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 26% 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 17 Days Ago

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