Active:
There are currently 334 active homes for sale on the Westfield Indiana real estate market with an average asking price of $240,135. These homes are listed for $106 per square foot and have been on the market for 100 days.
Sold:
December 2007 saw 29 Westfield Indiana homes sell with an average price of $194,665. These homes took 84 days to get a contract and sold for $84 per square foot. The same time last year, 38 homes sold for an average selling price of $226,955.
During the past year, 570 homes have sold on the Westfield real estate market with an average selling price of $220,976. This means there is currently a 7.03 months supply of homes on the market and indicates that Westfield is still in a buyer’s market.
With so few homes closing, a few low sales can really skew the numbers and I suspect that is what occurred to cause the 14% decrease in the average selling price. The number of homes sold down 24% is not good, but believable based on other area’s numbers. The rest of Hamilton County has been seeing either small decreases or staying the same as far as average selling price. Westfield has a lot going for it and I suspect this is just an anomaly and the statistics will bounce back.
If you are looking to buy or sell Westfield real estate, contact Mike Taylor at Rebate Real Estate for superior service, local knowledge, and a 50% commission rebate. You also might consider Carmel Indiana real estate.
All figures are based on homes in Westfield under $500,000.
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