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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Near Westside is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Near Westside, IN

How much do homes in Near Westside, IN cost?

Median Sold Price

$130,000

$85/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in Near Westside has remained the same since last year.

Summary: The median home sold price in Near Westside was $130,000 in April 2024, the same as last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $57.5K$155K
+169.6%
2 $98K$100K
+2.0%
3 $152.6K$153.4K
0.5%
4 $141.8K$140K
-1.3%
5+ $354.9K$207.5K
-41.5%

Summary: Near Westside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 169.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 41.5%.

Median Sold Price Compared To Nearby Neighborhoods

Hawthorne
+13.7%
Near Westside
0.0%

Housing Supply in Near Westside, IN

How many homes are available in Near Westside, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8276-7.3%

Summary: The Near Westside real estate market had 76 homes for sale in April 2024, a 7.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 3432
-5.9%
3 4035
-12.5%
4 79
+28.6%
5+ 10
-100.0%

Summary: The Near Westside 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 decreased by 5.9%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Near Westside, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Near Westside in April 2024, up by 20.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.

Days on Market for Near Westside, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
54 Days27 Days-49.4%

Summary: Homes in Near Westside had an average of 27 days on market in Apr 2024, down by 49.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 24 homes were sold in Near Westside; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 13 Days Ago

Newest Listings in Near Westside, IN

Nearby Markets to Near Westside, IN