Is Addison Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Addison Township has remained a Seller's Market.
Housing Prices in Addison Township, IN
How much do homes in Addison Township, IN cost?
Median Sold Price
$188,950
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Addison Township was $188,950 in April 2024, up 0.5% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $125K | $138K | +10.4% |
3 Bedrooms | $194.9K | $195K | 0.1% |
4 Bedrooms | $249.9K | $232K | -7.2% |
5+ Bedrooms | $359.9K | $369.9K | +2.8% |
Summary: Addison Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Brandywine Township | $159K | $225K | +41.5% |
Shelbyville | $189.5K | $207.7K | +9.6% |
Addison Township | $188K | $188.9K | 0.5% |
Marion Township | $265.5K | $169.9K | -36.0% |
Housing Supply in Addison Township, IN
How many homes are available in Addison Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 53 | -23.2% |
Summary: The Addison Township real estate market had 53 homes for sale in April 2024, a 23.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 9 | -35.7% |
3 Bedrooms | 30 | 22 | -26.7% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Addison Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Addison Township in April 2024, up by 10.0% month-over-month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for Addison Township, IN
How long does it take to sell a home in Addison Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 68 Days | +264.5% |
Summary: Homes in Addison Township had an average of 68 days on market in Apr 2024, up by 264.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Addison Township; 50% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.