Market Trends Update for Westfield, IN December 2023

Dated: January 17 2024

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๐Ÿก Hey Westfield, Indiana! It's Jim Jordan, your trusted REALTOR® from Realty World Indy. Let's dive into the latest market trends to keep you informed! ๐Ÿ“Š

๐Ÿ“… As we approach the end of December 2023, let's have a look at the numbers. ๐Ÿ“ˆ Currently, we have a 1.59 Months Supply of Inventory in Westfield. This means that if no new homes were listed, it would take just over a month and a half to sell all the available properties. The good news is that over the last 12 months, we've seen a decrease of -9.66% in the Months Supply of Inventory. ๐Ÿ“‰ It's definitely a seller's market!

๐Ÿ’ฐ When it comes to pricing, the List to Sold Price percentage stands at an impressive 98.3%. This means that homes in Westfield are typically selling very close to their list price. ๐Ÿ’ต So, sellers can have confidence in the value of their properties.

โฐ If you're wondering how long it takes for homes to sell, the median days on market is just 14 days. That's right, properties are moving quickly in Westfield! โšก๏ธ So, buyers, be prepared to act fast when you find the perfect home.

๐Ÿ’ฒ Lastly, let's talk numbers. The median sold price in Westfield is currently $459,200. This gives you an idea of the overall market value in our area. ๐Ÿ“ˆ

๐Ÿ” Whether you're buying or selling, understanding the market trends is crucial. If you have any questions or need assistance, I'm here to help! Don't hesitate to reach out. ๐Ÿค

#WestfieldRealEstate #MarketTrends #RealtyWorldIndy #JimJordanRealtor #WestfieldINDiana #RealEstateUpdate

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Jim Jordan

I have 17+ Years of Real Estate Experience and 20+ Years of Technology Business Experience. I am a life long Indianapolis area resident so I know this market well.I will help get you more money f....

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