Is Center Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Center Township has remained a Seller's Market.
Housing Prices in Center Township, IN
How much do homes in Center Township, IN cost?
Median Sold Price
$105,250
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Center Township was $105,250 in May 2024, up 0.3% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $50K | -60.0% |
2 Bedrooms | $67.5K | $72.8K | +7.9% |
3 Bedrooms | $115K | $130K | +13.0% |
4 Bedrooms | $171.5K | $142K | -17.2% |
5+ Bedrooms | $207.5K | $169.9K | -18.1% |
Summary: Center Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Cities
Muncie | $117K | $134.3K | +14.8% |
Center Township | $104.9K | $105.2K | 0.3% |
Hamilton Township | $229.9K | $185K | -19.6% |
Housing Supply in Center Township, IN
How many homes are available in Center Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 159 | +32.5% |
Summary: The Center Township real estate market had 159 homes for sale in May 2024, a 32.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 39 | 55 | +41.0% |
3 Bedrooms | 57 | 71 | +24.6% |
4 Bedrooms | 13 | 19 | +46.2% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Center Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 36 | +100.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Center Township in May 2024, up by 100.0% month-over-month. Of the 36 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for Center Township, IN
How long does it take to sell a home in Center Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 31 Days | -32.9% |
Summary: Homes in Center Township had an average of 31 days on market in May 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Center Township; 44% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.