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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing German Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in German Township, IN

How much do homes in German Township, IN cost?

Median Sold Price

$222,500

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,500(+3.5%)

Key Takeaway

Homes in German Township have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in German Township was $222,500 in April 2024, up 3.5% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$125K
N/A
2 $125K$185K
+48.0%
3 $208.2K$222K
+6.6%
4 $257K$236.5K
-8.0%
5+ $326.4K$324.9K
-0.5%

Summary: German Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Cities

Edinburgh
+20.6%
German Township
+3.5%
Edinburgh
-2.6%

Housing Supply in German Township, IN

How many homes are available in German Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1314+7.7%

Summary: The German Township real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1312
-7.7%
4 01
+100.0%
5+ 00
0.0%

Summary: The German Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in German Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for German Township, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days61 Days+413.9%

Summary: Homes in German Township had an average of 61 days on market in Apr 2024, up by 413.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in German Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 9 Days Ago

Newest Listings in German Township, IN

Nearby Markets to German Township, IN

What housing markets are near German Township, IN?