Home Values, Real Estate, Week in Review

Chesterton Indiana Real Estate Recap March 31, 2011

March 31, 2011 by · 2 Comments 

Chesterton Indiana Real Estate Recap March 31, 2011 by Jim SimsWhether you are buying a home or selling a home in the Chesterton Indiana real estate market, you will want to know what to expect.

When looking at homes, you may first focus on your essential needs such as bedrooms and bathrooms, garage, yard space, neighborhood, etc.

With all of these in mind, you can summarize the living area with the cost in the area you are looking at with cost per square feet. This takes the median price of the area along with the median square footage to determine what you can expect to pay or sell a particuliar home for.

In Chesterton Indiana, the current median price of $219,450 accompanied with the current median square footage of 1,966 will give us the price of $116.00 per square feet. 

You can then determine what the square footage of the average 3 bedroom, 2.5 bathroom home would be and multiply out by the square footage to figure out what the price range the home would be in.

 As you can see in the chart, the price per square feet will fluctuate but has stayed within a $5.00 per square foot range over the last 90 days in the Chesterton Indiana real estate market.

At this week’s median price of $219,450 you can expect:

  • 3 Bedrooms
  • 2.5 Bathrooms
  • .25 – .50 acres
  • 1,966 square footage

Chesterton Indiana Real Estate Week At A Glance:

  • 9 New Listings
  • 6 Sold Listings 
  • 188 Homes Listed
  • 242 Average Days on Market

 This is Chesterton Indiana Real Estate Recap March 31, 2011.

Do you or someone you know want to buy a home and/or sell a home in Chesterton Indiana?

Call or text 219-649-1296 or email me (jim@jimsimshomes.com) to help you get started!

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Jim Sims

Jim Sims is a licensed Realtor with McColly Real Estate. With a Bachelor Degree in Marketing and Management Information Systems from Purdue University Calumet, he loves to leverage the best of today's technology to achieve his clients real estate goals. While Jim facilitates real estate needs throughout Northwest Indiana, he specializes in the Northern Porter County communities of Burns Harbor, Chesterton, Portage and Porter Indiana. Learn more about Jim and visit www.JimSimsHomes.com.

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Comments

2 Responses to “Chesterton Indiana Real Estate Recap March 31, 2011”
  1. Price per square feet is definitely stable in the Chesterton Indiana real estate market and is one of my favorite metrics to measure the “is this a good deal” question.

  2. Jim Sims says:

    I am in absolute agreement! And, for those looking to put some work in to a home for a lower price, they can use this as well by adding in their additional repair investment to the price of the home to see if the overall price compares within the Chesterton Indiana real estate market.

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