Is Center Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Center Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Center Township has remained a Seller's Market.

Key Takeaway

Center Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Center Township, IN

How much do homes in Center Township, IN cost?

Median Sold Price

$279,900

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,400(+1.2%)

Key Takeaway

Homes in Center Township have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Center Township was $279,900 in May 2024, up 1.2% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $121K$87.5K
-27.7%
2 $188.5K$213.5K
+13.3%
3 $250K$266.5K
+6.6%
4 $305.5K$317.9K
+4.1%
5+ $451.4K$444.9K
-1.4%

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 27.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Union Township
+15.5%
Danville
+5.5%
Middle Township
+4.5%
Washington Township
+3.4%
Center Township
+1.2%

Housing Supply in Center Township, IN

How many homes are available in Center Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6356-11.1%

Summary: The Center Township real estate market had 56 homes for sale in May 2024, a 11.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 2821
-25.0%
4 1818
0.0%
5+ 912
+33.3%

Summary: The Center Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2514-44.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Center Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Center Township in May 2024, down by 44.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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 2023May 2024CHANGE
30 Days39 Days+30.4%

Summary: Homes in Center Township had an average of 39 days on market in May 2024, up by 30.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Center Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Center Township; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Center Township, IN

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