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 April 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

$175,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,000(+6.7%)

Key Takeaway

Homes in Center Township have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Center Township was $175,000 in April 2024, up 6.7% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $30K$47K
+56.7%
2 $107.5K$117.5K
+9.3%
3 $174K$199.9K
+14.9%
4 $192.5K$190K
-1.3%
5+ $336.9K$195.9K
-41.9%

Summary: Center Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.7%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 41.9%.

Median Sold Price Compared To Nearby Cities

North Vernon
+7.3%
Center Township
+6.7%

Housing Supply in Center Township, IN

How many homes are available in Center Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3025-16.7%

Summary: The Center Township real estate market had 25 homes for sale in April 2024, a 16.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 88
0.0%
3 1814
-22.2%
4 32
-33.3%
5+ 01
+100.0%

Summary: The Center Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
990.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Center Township in April 2024, the same as the previous month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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

Apr 2023Apr 2024CHANGE
11 Days59 Days+415.0%

Summary: Homes in Center Township had an average of 59 days on market in Apr 2024, up by 415% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 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 April 2024, 9 homes were sold in Center Township; 56% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 44% 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 2 Days Ago

Newest Listings in Center Township, IN

Nearby Markets to Center Township, IN