Is Brown 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, Brown Township has remained a Seller's Market.
Housing Prices in Brown Township, IN
How much do homes in Brown Township, IN cost?
Median Sold Price
$413,700
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brown Township was $413,700 in March 2024, up 6.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $232.6K | $386K | +66.0% |
3 Bedrooms | $320K | $347.2K | +8.5% |
4 Bedrooms | $411K | $436.2K | +6.1% |
5+ Bedrooms | $500K | $480K | -4.0% |
Summary: Brown 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 66%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Brownsburg | $309.3K | $354.9K | +14.7% |
Brown Township | $390K | $413.7K | +6.1% |
Lincoln Township | $306.7K | $315K | +2.7% |
Whitestown | $377.5K | $339.3K | -10.1% |
Perry Township | $414.9K | $342K | -17.6% |
Housing Supply in Brown Township, IN
How many homes are available in Brown Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 62 | +3.3% |
Summary: The Brown Township real estate market had 62 homes for sale in March 2024, a 3.3% increase 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 | 5 | 5 | 0.0% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 33 | 27 | -18.2% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Brown 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 remained the same, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Brown Township in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 61% were sold under asking, 33% were sold at asking, and 6% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 52 Days | -41.3% |
Summary: Homes in Brown Township had an average of 52 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Brown Township; 28% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.