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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamblen Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Hamblen Township, IN

How much do homes in Hamblen Township, IN cost?

Median Sold Price

$400,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$35,000(-8.0%)

Key Takeaway

Homes in Hamblen Township have sold for 8% less than they did a year ago.

Summary: The median home sold price in Hamblen Township was $400,000 in May 2024, down 8% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $531.5K$451K
-15.1%
2 $534.9K$445K
-16.8%
3 $330K$360K
+9.1%
4 $408.7K$1.1M
+189.9%
5+ --
N/A

Summary: Hamblen Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 189.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Morgantown
+26.9%
Jackson Township
+24.9%
Princes Lakes
+17.0%
Hamblen Township
-8.0%
Nineveh
-10.3%

Housing Supply in Hamblen Township, IN

How many homes are available in Hamblen Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4039-2.5%

Summary: The Hamblen Township real estate market had 39 homes for sale in May 2024, a 2.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2217
-22.7%
3 1619
+18.8%
4 22
0.0%
5+ 00
0.0%

Summary: The Hamblen 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 decreased by 22.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamblen Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Hamblen Township in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Hamblen Township, IN

How long does it take to sell a home in Hamblen Township, IN?

Average Sale Time

May 2023May 2024CHANGE
15 Days62 Days+302.6%

Summary: Homes in Hamblen Township had an average of 62 days on market in May 2024, up by 302.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 7 homes were sold in Hamblen Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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

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