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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Adams Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Adams Township, IN

How much do homes in Adams Township, IN cost?

Median Sold Price

$254,950

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$23,450(+10.1%)

Key Takeaway

Homes in Adams Township have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Adams Township was $254,950 in March 2024, up 10.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$119K
N/A
2 $148.5K$170.7K
+15.0%
3 $233.7K$231.5K
-1.0%
4 $274.9K$312K
+13.5%
5+ $437.5K$345K
-21.1%

Summary: Adams Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 21.1%.

Median Sold Price Compared To Nearby Cities

Sheridan
+24.6%
Jackson Township
+21.2%
Adams Township
+10.1%
Marion Township
-54.1%

Housing Supply in Adams Township, IN

How many homes are available in Adams Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1116+45.5%

Summary: The Adams Township real estate market had 16 homes for sale in March 2024, a 45.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 37
+133.3%
4 77
0.0%
5+ 11
0.0%

Summary: The Adams Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Adams Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Adams Township in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Adams Township, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
48 Days20 Days-57.7%

Summary: Homes in Adams Township had an average of 20 days on market in Mar 2024, down by 57.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in Adams Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Adams Township, IN

Nearby Markets to Adams Township, IN

What housing markets are near Adams Township, IN?