Is Vernon 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, Vernon Township has remained a Seller's Market.
Housing Prices in Vernon Township, IN
How much do homes in Vernon Township, IN cost?
Median Sold Price
$366,150
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vernon Township was $366,150 in April 2024, up 4.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $200K | +115.1% |
2 Bedrooms | $205.5K | $218.5K | +6.3% |
3 Bedrooms | $313.8K | $329.9K | +5.1% |
4 Bedrooms | $393.4K | $389.4K | -1.0% |
5+ Bedrooms | $417.4K | $515K | +23.4% |
Summary: Vernon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
Fortville | $278.4K | $374.9K | +34.7% |
Ingalls | $197.9K | $220K | +11.2% |
Vernon Township | $349.3K | $366.1K | +4.8% |
Fall Creek Township | $431.4K | $431.9K | 0.1% |
McCordsville | $379.9K | $365K | -3.9% |
Housing Supply in Vernon Township, IN
How many homes are available in Vernon Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 92 | +2.2% |
Summary: The Vernon Township real estate market had 92 homes for sale in April 2024, a 2.2% increase 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 | 3 | 2 | -33.3% |
3 Bedrooms | 43 | 53 | +23.3% |
4 Bedrooms | 37 | 33 | -10.8% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Vernon 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 decreased by 33.3%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Vernon Township in April 2024, up by 33.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Vernon Township, IN
How long does it take to sell a home in Vernon Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | -301 Days | -481.4% |
Summary: Homes in Vernon Township had an average of -301 days on market in Apr 2024, down by 481.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Vernon Township; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.