Is Needham 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, 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
$315,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Needham Township was $315,000 in May 2024, up 7.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $270K | +3.8% |
3 Bedrooms | $257K | $275K | +7.0% |
4 Bedrooms | $332.4K | $362.2K | +9.0% |
5+ Bedrooms | $366K | $497.5K | +35.9% |
Summary: Needham Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $250K | $271K | +8.4% |
Needham Township | $293.5K | $315K | +7.3% |
Franklin | $255K | $271K | +6.3% |
Housing Supply in Needham Township, IN
How many homes are available in Needham Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 28 | -6.7% |
Summary: The Needham Township real estate market had 28 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 16 | 13 | -18.8% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Needham 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 remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Needham Township in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
76 Days | 58 Days | -22.9% |
Summary: Homes in Needham Township had an average of 58 days on market in May 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Needham Township; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.