Is Addison Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Addison Township has remained a Seller's Market.
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.
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $125K | $136.5K | +9.2% |
3 Bedrooms | $190K | $190K | 0.0% |
4 Bedrooms | $250K | $232K | -7.2% |
5+ Bedrooms | $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 | $162K | $225K | +38.9% |
Shelbyville | $185K | $203.3K | +9.9% |
Addison Township | $185K | $185K | 0.0% |
Marion Township | $288K | $112K | -61.1% |
Housing Supply in Addison Township, IN
How many homes are available in Addison Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 66 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 33 | 30 | -9.1% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 8 | 9 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 20 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
125 Days | 57 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
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.