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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eel River Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Eel River Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Eel River Township, IN

How much do homes in Eel River Township, IN cost?

Median Sold Price

$316,450

$154/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$58,500(-15.6%)

Key Takeaway

Homes in Eel River Township have sold for 15.6% less than they did a month ago.

Summary: The median home sold price in Eel River Township was $316,450 in November 2024, down 15.6% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $270K-
N/A
3 $299.9K$318K
+6.0%
4 $390K$305K
-21.8%
5+ $469.7K-
N/A

Summary: Eel River Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Smith Township
+7.2%
Eel River Township
-15.6%
Huntertown
-25.0%
Swan Township
-31.7%

Housing Supply in Eel River Township, IN

How many homes are available in Eel River Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3330-9.1%

Summary: The Eel River Township real estate market had 30 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1619
+18.8%
4 128
-33.3%
5+ 32
-33.3%

Summary: The Eel River Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eel River Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Eel River Township in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Eel River Township, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Eel River Township, IN

Nearby Markets to Eel River Township, IN

What housing markets are near Eel River Township, IN?