Is Beech Grove, 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, Beech Grove has remained a Seller's Market.
Housing Prices in Beech Grove, IN
How much do homes in Beech Grove, IN cost?
Median Sold Price
$189,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beech Grove was $189,500 in April 2024, up 2.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $94.9K | N/A |
2 Bedrooms | $150K | $159.4K | +6.3% |
3 Bedrooms | $190K | $198K | +4.2% |
4 Bedrooms | $222K | $237.4K | +7.0% |
5+ Bedrooms | $249.9K | $255K | +2.0% |
Summary: Beech Grove 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 6.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Beech Grove | $185K | $189.5K | +2.4% |
Warren Township | $195.2K | $200K | +2.4% |
Center Township | $179.9K | $183.2K | +1.8% |
Perry Township | $235K | $232.8K | -0.9% |
Franklin Township | $285K | $281.2K | -1.3% |
Housing Supply in Beech Grove, IN
How many homes are available in Beech Grove, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Beech Grove real estate market had 38 homes for sale in April 2024, a 2.7% 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 | 10 | 11 | +10.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 4 | 0 | -100.0% |
Summary: The Beech Grove 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 10%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 12 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Beech Grove in April 2024, down by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Beech Grove, IN
How long does it take to sell a home in Beech Grove, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 25 Days | -5.3% |
Summary: Homes in Beech Grove had an average of 25 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Beech Grove; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.