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

$101,750

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$8,250(-7.5%)

Key Takeaway

Homes in Center Township have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in Center Township was $101,750 in March 2024, down 7.5% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $64K$79K
+23.4%
2 $67.5K$65.9K
-2.3%
3 $115.5K$125.2K
+8.4%
4 $159.9K$155K
-3.1%
5+ $230K$195K
-15.2%

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 23.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 15.2%.

Median Sold Price Compared To Nearby Cities

Muncie
+18.9%
Monroe Township
+13.3%
Liberty Township
-6.4%
Center Township
-7.5%
Hamilton Township
-8.9%

Housing Supply in Center Township, IN

How many homes are available in Center Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
123176+43.1%

Summary: The Center Township real estate market had 176 homes for sale in March 2024, a 43.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 4565
+44.4%
3 5080
+60.0%
4 2024
+20.0%
5+ 86
-25.0%

Summary: The Center Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1238+216.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Center Township in March 2024, up by 216.7% month-over-month. Of the 35 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% 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
44 Days70 Days+58.0%

Summary: Homes in Center Township had an average of 70 days on market in Mar 2024, up by 58% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 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, 38 homes were sold in Center Township; 21% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% 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 15 Days Ago

Newest Listings in Center Township, IN

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