Is Westfield, 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, Westfield has remained a Seller's Market.
Housing Prices in Westfield, IN
How much do homes in Westfield, IN cost?
Median Sold Price
$445,338
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westfield was $445,338 in April 2024, up 2.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $340K | +6.3% |
3 Bedrooms | $359.9K | $384.9K | +7.0% |
4 Bedrooms | $469.6K | $481.8K | +2.6% |
5+ Bedrooms | $650.3K | $684.9K | +5.3% |
Summary: Westfield 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 7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Union Township | $739.7K | $840K | +13.6% |
Carmel | $489.9K | $521.6K | +6.5% |
Westfield | $432.5K | $445.3K | +2.9% |
Noblesville Township | $353.9K | $355K | 0.3% |
Washington Township | $444K | $441.2K | -0.6% |
Housing Supply in Westfield, IN
How many homes are available in Westfield, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
359 | 369 | +2.8% |
Summary: The Westfield real estate market had 369 homes for sale in April 2024, a 2.8% 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 | 56 | 48 | -14.3% |
3 Bedrooms | 141 | 145 | +2.8% |
4 Bedrooms | 99 | 104 | +5.1% |
5+ Bedrooms | 63 | 72 | +14.3% |
Summary: The Westfield 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 14.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 88 | -7.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in Westfield in April 2024, down by 7.4% month-over-month. Of the 88 sold homes, 45% were sold under asking, 34% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 57 Days | +2.3% |
Summary: Homes in Westfield had an average of 57 days on market in Apr 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 88 homes were sold in Westfield; 63% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.