Is Needham 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, Needham Township has remained a Seller's Market.
Housing Prices in Needham Township, IN
How much do homes in Needham Township, IN cost?
Median Sold Price
$299,900
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Needham Township was $299,900 in April 2024, up 0.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $251K | -8.7% |
3 Bedrooms | $259.3K | $282.5K | +8.9% |
4 Bedrooms | $340K | $330K | -2.9% |
5+ Bedrooms | $425K | $325K | -23.5% |
Summary: Needham 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 decreased by 8.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $245K | $273.1K | +11.5% |
Franklin | $251.3K | $272.7K | +8.5% |
Needham Township | $299.7K | $299.9K | 0.1% |
Hendricks Township | $347.4K | $200.6K | -42.3% |
Housing Supply in Needham Township, IN
How many homes are available in Needham Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 29 | -9.4% |
Summary: The Needham Township real estate market had 29 homes for sale in April 2024, a 9.4% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 19 | 15 | -21.1% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Needham 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 remained the same, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Needham Township in April 2024, up by 9.1% month-over-month. Of the 12 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Needham Township, IN
How long does it take to sell a home in Needham Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 28 Days | -50.5% |
Summary: Homes in Needham Township had an average of 28 days on market in Apr 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Needham Township; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.