Real Estate Market Update for 46107 (Beech Grove, IN)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 7% from one year earlier and down 12% from the previous month Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month... was just under 90-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 25% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 70-thousand dollars. The number of units sold Decreased 13% year-over-year and Increased 30% month-over-month Despite a slight annual decrease, this upward monthly sales-trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 46107 (Beech Grove, IN)
Area Information for 46107 (Beech Grove, IN)
  • Community Character: Moderate Residential Turnover
  • Population: 12,452
  • Median Age: 32.95 yr
  • Median Commute Time: 19.65 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 95
  • Sales Tax: 7%
  • Population Density: 3,722/sq mi
  • Population Change Since 2000: -4%
  • Closest Airport: Indianapolis International
  • Closest College: University Of Indianapolis
  • Closest Jr. College: Indiana Bus Coll-med
  • Median Household Income: $45,202
  • Annual Residential Turnover: 19.54%
  • Median Years in Residence: 3.94 yr
  • Median Home Sales Price: $78,598
  • Closest Major Sports Team: Indiana Pacers
  • Change Avg. Household Income Since 2000: 4%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 46107 (Beech Grove, IN)
Median Age: 32.95 Married: 37% Number of Households: 4,963 Households with Children: 1,463
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 46107 (Beech Grove, IN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Montessori Childrens House 0.4 mi Private PRESCHOOL-3 0 4
      Central Elementary School 0.4 mi Public 2-3 3 3
      South Grove Intermediate School 0.6 mi Public 4-6 2-5 4
      Beech Grove Middle School 0.7 mi Public 7-8 3 4
      Hornet Park Elementary School 0.8 mi Public K-1 0 5
      Beech Grove Senior High School 0.8 mi Public 9-12 2-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 46107 (Beech Grove, IN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.