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 February 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

$139,900

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,400(+25.5%)

Key Takeaway

Homes in Center Township have sold for 25.5% more than they did a year ago.

Summary: The median home sold price in Center Township was $139,900 in February 2024, up 25.5% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $54K$104.9K
+94.4%
2 $71.2K$86.5K
+21.5%
3 $120K$150.5K
+25.4%
4 $145K$183.5K
+26.6%
5+ $148.7K$215K
+44.6%

Summary: Center Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 94.4%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 44.6%.

Housing Supply in Center Township, IN

How many homes are available in Center Township, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
186179-3.8%

Summary: The Center Township real estate market had 179 homes for sale in February 2024, a 3.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 6261
-1.6%
3 7778
+1.3%
4 3328
-15.2%
5+ 1311
-15.4%

Summary: The Center Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6364+1.6%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

12 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. 45.3% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Center Township in February 2024, up by 1.6% month-over-month. Of the 64 sold homes, 45% were sold under asking, 36% were sold at asking, and 19% 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

Feb 2023Feb 2024CHANGE
29 Days24 Days-18.6%

Summary: Homes in Center Township had an average of 24 days on market in Feb 2024, down by 18.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Center Township has remained consistent over time.

Summary: During February 2024, 64 homes were sold in Center Township; 3% of homes were sold within 30 days, 5% 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 28 Days Ago

Newest Listings in Center Township, IN

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