Is Westfield, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Westfield has remained a Seller's Market.
Housing Prices in Westfield, IN
How much do homes in Westfield, IN cost?
Median Sold Price
$447,647
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westfield was $447,647 in March 2024, up 5.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $302K | $340K | +12.6% |
3 Bedrooms | $356.3K | $384.9K | +8.0% |
4 Bedrooms | $462.8K | $487.8K | +5.4% |
5+ Bedrooms | $619.9K | $691.7K | +11.6% |
Summary: Westfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
Union Township | $747.5K | $830.7K | +11.1% |
Westfield | $426K | $447.6K | +5.1% |
Carmel | $489.5K | $514.3K | +5.1% |
Noblesville Township | $350K | $358.3K | +2.4% |
Washington Township | $439.6K | $444.5K | +1.1% |
Housing Supply in Westfield, IN
How many homes are available in Westfield, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
308 | 331 | +7.5% |
Summary: The Westfield real estate market had 331 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 42 | 50 | +19.0% |
3 Bedrooms | 133 | 132 | -0.8% |
4 Bedrooms | 87 | 92 | +5.7% |
5+ Bedrooms | 46 | 57 | +23.9% |
Summary: The Westfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 23.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 88 | +10.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in Westfield in March 2024, up by 10.0% month-over-month. Of the 88 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Westfield, IN
How long does it take to sell a home in Westfield, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 54 Days | +22.0% |
Summary: Homes in Westfield had an average of 54 days on market in Mar 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During March 2024, 88 homes were sold in Westfield; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.