Is German Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, German Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $125K | $185K | +48.0% |
3 Bedrooms | $208.2K | $222K | +6.6% |
4 Bedrooms | $257K | $236.5K | -8.0% |
5+ Bedrooms | $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 | $170K | $205K | +20.6% |
German Township | $215K | $222.5K | +3.5% |
Edinburgh | $209.9K | $204.5K | -2.6% |
Housing Supply in German Township, IN
How many homes are available in German Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 14 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 61 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
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.