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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Center Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Center Township, IN

How much do homes in Center Township, IN cost?

Median Sold Price

$181,803

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$1,409(+0.8%)

Key Takeaway

Homes in Center Township have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Center Township was $181,803 in March 2024, up 0.8% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $174K$179K
+2.9%
2 $147.1K$150K
+1.9%
3 $185.5K$189.9K
+2.3%
4 $288.5K$245.4K
-14.9%
5+ $339.9K$315K
-7.4%

Summary: Center Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Cities

Beech Grove
+3.4%
Warren Township
+2.6%
Indianapolis
+1.2%
Center Township
+0.8%
Perry Township
-2.1%

Housing Supply in Center Township, IN

How many homes are available in Center Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9981,077+7.9%

Summary: The Center Township real estate market had 1,077 homes for sale in March 2024, a 7.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 4340
-7.0%
2 303328
+8.3%
3 446490
+9.9%
4 170179
+5.3%
5+ 3640
+11.1%

Summary: The Center Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
179222+24.0%

Asking Price vs. Sold Price

128 Homes Were Sold
Under Asking

59 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Center Township, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Summary: A total of 222 homes were sold or pending in Center Township in March 2024, up by 24.0% month-over-month. Of the 222 sold homes, 58% were sold under asking, 27% were sold at asking, and 16% were sold over asking.

Days on Market for Center Township, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days63 Days-2.2%

Summary: Homes in Center Township had an average of 63 days on market in Mar 2024, down by 2.2% compared to last year.

Breakdown of Home Sale Times

117 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

62 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 222 homes were sold in Center Township; 53% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 28% 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 23 Days Ago

Newest Listings in Center Township, IN

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