Mitch's Weekly Market Report

Westfield, IN 46074

Single-Family Homes

Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673


Westfield, IN 46074

Tue Oct 27 2026
This week the median list price for Westfield, IN 46074 is $523,245 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 238. Click here to stay informed with the Westfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Westfield, IN 46074

Tue Oct 27 2026
This week the median list price for Westfield, IN 46074 is $523,245 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 238. Click here to stay informed with the Westfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Westfield market.
Median List Price $523,245
Median Price of New Listings $426,940
Per Square Foot $216
Average Days on Market 91
Median Days on Market 63
Price Decreased 55%
Price Increased 2%
Relisted 4%
Inventory 238
Median Rent
Market Action 35
Slight Seller's Advantage

We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift in the Market Action Index before we see prices significantly 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
$899,949 4,113 0.25 - 0.5 acre 4 4.5 0 2 5 84
$610,000 2,850 8,000 - 10,000 sqft 4 3 2 2 3 56
$447,449 2,202 0 - 4,500 sqft 3 2.5 1 4 5 77
$349,990 1,766 4,500 - 6,500 sqft 3 2.5 4 4 4 42