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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bainbridge Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Bainbridge Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Bainbridge Township, IN

How much do homes in Bainbridge Township, IN cost?

Median Sold Price

$274,500

$130/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$248,000(-47.5%)

Key Takeaway

Homes in Bainbridge Township have sold for 47.5% less than they did a month ago.

Summary: The median home sold price in Bainbridge Township was $274,500 in April 2024, down 47.5% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $522.5K$269K
-48.5%
4 -$280K
N/A
5+ --
N/A

Summary: Bainbridge Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 48.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Marion Township
+202.5%
Bainbridge Township
-47.5%

Housing Supply in Bainbridge Township, IN

How many homes are available in Bainbridge Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2338+65.2%

Summary: The Bainbridge Township real estate market had 38 homes for sale in April 2024, a 65.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 13
+200.0%
3 1727
+58.8%
4 45
+25.0%
5+ 12
+100.0%

Summary: The Bainbridge Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 58.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
212+500.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bainbridge Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Bainbridge Township in April 2024, up by 500.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for Bainbridge Township, IN

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

Average Sale Time

Mar 2024Apr 2024CHANGE
96 Days22 Days-76.9%

Summary: Homes in Bainbridge Township had an average of 22 days on market in Apr 2024, down by 76.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 12 homes were sold in Bainbridge Township; 17% of homes were sold within 30 days, 8% 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 9 Days Ago

Newest Listings in Bainbridge Township, IN

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