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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brown Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Brown Township, IN

How much do homes in Brown Township, IN cost?

Median Sold Price

$170,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,250(+0.7%)

Key Takeaway

Homes in Brown Township have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in Brown Township was $170,000 in April 2024, up 0.7% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $70K$72.5K
+3.6%
3 $170K$177.5K
+4.4%
4 $291.5K$186K
-36.2%
5+ $193.7K-
N/A

Summary: Brown Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 36.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wilkinson
+14.6%
Shirley
+13.2%
Shirley
+6.2%
Brown Township
+0.7%
Adams Township
-6.6%

Housing Supply in Brown Township, IN

How many homes are available in Brown Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1211-8.3%

Summary: The Brown Township real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 66
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Brown 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brown Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Brown Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Brown Township, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
44 Days81 Days+84.4%

Summary: Homes in Brown Township had an average of 81 days on market in Apr 2024, up by 84.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in Brown Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 5 Days Ago

Newest Listings in Brown Township, IN

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