Mitch's Weekly Market Report
Westfield, IN 46074
Single-Family Homes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Westfield, IN 46074
Sun May 24 2026
This week the median list price for Westfield, IN 46074 is $539,950 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 190.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $539,950 | |
| Median Price of New Listings | $539,900 | |
| Per Square Foot | $220 | |
| Average Days on Market | 69 | |
| Median Days on Market | 28 | |
| Price Decreased | 31% | |
| Price Increased | 3% | |
| Relisted | 3% | |
| Inventory | 190 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,049,450 | 4,830 | 0.25 - 0.5 acre | 5 | 4.5 | 1 | 5 | 3 | 28 |
| $615,000 | 3,006 | 8,000 - 10,000 sqft | 4 | 3 | 2 | 10 | 8 | 28 |
| $499,000 | 2,193 | 6,500 - 8,000 sqft | 3 | 2.8 | 2 | 8 | 9 | 31 |
| $399,000 | 2,012 | 0 - 4,500 sqft | 3 | 2.5 | 1 | 8 | 12 | 35 |