Westfield’s home market is white hot


With 1,921 home sales in September in central Indiana, overall year-to-date home sales are up 17.8 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, September 2013 home sales declined 1.6 percent compared to September 2012, a decrease of 31 homes sold in the nine counties that F.C. Tucker tracks. Four of the nine counties reported increased sales compared to September 2012.

Though September home sales slipped slightly in Hamilton County, sales are still trending upward for the first nine months of 2013 compared to the same time period last year.

  • In Hamilton County, overall year-to-date home sales climbed to 5,336 – an increase of 895 homes compared to the same time period in 2012.
  • September 2013 home sales in Hamilton County dipped 6.7 percent to 405 homes – down 29 homes from September 2012.
  • Specifically in Westfield, 62 homes sold in September 2013, a decrease of 10.7 percent compared to September 2012.
  • Available homes are spending less time on the market in Westfield. For the first nine months of this year, homes spent an average of 66 days for sale. During the same time last year, homes spent 95 days on the market.
  • Sales prices are up in Westfield. Last month, the average sales price rose to $251,939 –rising 11.5 percent from September 2012.
  • Of the home sales in Westfield last month, one was priced $1-$2 million; four were priced $500,000 to $1 million; nine were priced $300,000 to $499,999; 17 were priced $200,000 to 299,999; 29 were priced $100,000 to $199,999; and two were priced at $99,999 or less.

As we close the third quarter of 2013, we remain optimistic that the central Indiana real estate market will continue to improve. Across the nine counties that F.C. Tucker tracks, home sales and home prices are up while the number of available homes for sale are down, which will help the market further stabilize.