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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Addison Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Addison Township, IN

How much do homes in Addison Township, IN cost?

Median Sold Price

$185,000

$119/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since March 2023.

Key Takeaway

The sold price of homes in Addison Township has remained the same since last year.

Summary: The median home sold price in Addison Township was $185,000 in March 2024, the same as last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $125K$136.5K
+9.2%
3 $190K$190K
0.0%
4 $250K$232K
-7.2%
5+ $359.9K$377.5K
+4.9%

Summary: Addison 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 9.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Brandywine Township
+38.9%
Shelbyville
+9.9%
Addison Township
0.0%
Marion Township
-61.1%

Housing Supply in Addison Township, IN

How many homes are available in Addison Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7066-5.7%

Summary: The Addison Township real estate market had 66 homes for sale in March 2024, a 5.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1513
-13.3%
3 3330
-9.1%
4 1414
0.0%
5+ 89
+12.5%

Summary: The Addison 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 decreased by 13.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Addison Township, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Addison Township in March 2024, up by 5.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% were sold over asking.

Days on Market for Addison Township, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
125 Days57 Days-54.2%

Summary: Homes in Addison Township had an average of 57 days on market in Mar 2024, down by 54.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 20 homes were sold in Addison Township; 70% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 25% 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 Addison Township, IN

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