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2017 vs. 2018 Northwest Indiana Home Values

Northwest Indiana Home Sales and Values are rising!

I know you hear about how the Real Estate market is hot. Today I’m going to talk to you about all Residential Real Estate sales in Northwest Indiana. I’ll be comparing the data from 2017 vs 2018. This way you can see exactly how the market is in your local general area.

Home Sales in 2018 were up 1.53% total ending the year with 11,627 residential sales. That’s really not that durastic of a number which is the reason why values are doing so well. In 2018 the average home sale was up 6.78% with an average square footage price up 6.94% compared to a year ago.

The average market time in 2018 was 76 days on market which is an average of 18.27% shorter time on market compared to 2017. In 2018 35.82% of homes were sold within 30 days on market compared to 30.98% in 2017 which is an increase of 15.62%. Overall the local Real Estate market is doing extremely well and homes are selling.

If you’d like to know how the Real Estate market is doing in your specific area please don’t hesitate to ask. Below are some charts from the MLS.

2018

 Active: 0  Pending: 0  Sold: 11628  Other: 0  Total: 11628
 Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM
 Minimum  0  0.00  11  $0  $700  0/0
 Average  3  2.00  1,965  $209,103  $192,379  66/76
 Median  3  2.00  1,764  $169,900  $167,500  42/45
 Maximum  15  16.00  11,274  $139,000,000  $2,900,000  2413/2411
 Total Dollar Value  $2,236,984,065
Average DOM Breakdown and Average % of Listing Price received on Solds by Market time:
 0-30 Days  31-60 Days  61-90 Days  91-120 Days  120+ Days
 No. of Listings   4434   3025   1622   828   1719
 Breakdown %   38.13   26.01   13.95   7.12   14.78
 Avg SP % LP   84.07   97.58   96.52   96.19   96.39
Average CDOM Breakdown and Average % of Listing Price received on Solds by Market time:
 0-30 Days  31-60 Days  61-90 Days  91-120 Days  120+ Days
 No. of Listings   4165   2899   1576   862   2126
 Breakdown %   35.82   24.93   13.55   7.41   18.28
 Avg SP % LP   83.30   97.65   96.59   96.32   96.27

2017

 Active: 0  Pending: 0  Sold: 11451  Other: 0  Total: 11451
 Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM
 Minimum  0  0.00  400  $0  $144  0/0
 Average  3  2.00  1,968  $185,248  $180,162  74/93
 Median  3  2.00  1,754  $159,900  $157,500  47/52
 Maximum  10  9.00  11,537  $3,850,000  $3,600,000  1453/3706
 Total Dollar Value  $2,063,035,682
Average DOM Breakdown and Average % of Listing Price received on Solds by Market time:
 0-30 Days  31-60 Days  61-90 Days  91-120 Days  120+ Days
 No. of Listings   3959   2931   1536   918   2107
 Breakdown %   34.57   25.60   13.41   8.02   18.40
 Avg SP % LP   98.91   97.46   96.55   96.39   95.43
Average CDOM Breakdown and Average % of Listing Price received on Solds by Market time:
 0-30 Days  31-60 Days  61-90 Days  91-120 Days  120+ Days
 No. of Listings   3548   2794   1482   922   2705
 Breakdown %   30.98   24.40   12.94   8.05   23.62
 Avg SP % LP   98.99   97.51   96.81   96.61   95.72

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About Brent Wright

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Brent Wright

Real Estate Professional - Realtor

BrentWright@McColly.com

219-706-2998219-706-2998 main

Brent W. Wright - McColly Real Estate

Serving Northwest Indiana! Beverly Shores IN, Burns Harbor IN, Cedar Lake IN, Chesterton IN, Crown Point IN, DeMotte IN, Dune Acres IN, Dyer IN, East Chicago IN, Gary IN, Griffith IN, Hammond IN, Hebron IN, Highland IN, Hobart IN, Kouts IN, Lake Station IN, Long Beach IN, Lowell IN, Merrillville IN, Munster IN, Ogden Dunes IN, Portage IN, Porter IN, Schererville IN, Saint John IN, Valparaiso IN, Wanatah IN, Westville IN, Whiting IN, Winfield IN

Reviews

5user8784985

Brent has stuck by my side through the whole process. If I want to see a house, immediately he sets up a time and we are looking at the house. You can always get ahold of him. He is very knowledgeable too!

5TeresaTaytumm

Brent is an amazing person, He helps in any way he can to his fullest! He isn't just doing his job, he goes above and beyond. With any question given, he has an answer every time and even if he did not know the answer, he would do whatever research needed so... (more)

5chris reed28

Brent is very hardworking. Best realestate agent to have. He showed me tons of homes in my price range and offered his expert opinion and background of the neighborhoods we were in.

Review Brent Wright on Zillow.com

Lender

Chuck Dayton

5

( 28 reviews )

(219) 763 3376 x4207

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