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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greencastle Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Greencastle Township, IN

How much do homes in Greencastle Township, IN cost?

Median Sold Price

$212,500

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,500(+14.9%)

Key Takeaway

Homes in Greencastle Township have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in Greencastle Township was $212,500 in March 2024, up 14.9% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $135K$64K
-52.6%
2 $145.2K$154K
+6.1%
3 $185K$217K
+17.3%
4 $257.5K$295K
+14.6%
5+ $235K$347K
+47.7%

Summary: Greencastle Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.6%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 47.7%.

Median Sold Price Compared To Nearby Cities

Greencastle
+21.4%
Greencastle Township
+14.9%
Madison Township
-8.8%
Marion Township
-44.4%

Housing Supply in Greencastle Township, IN

How many homes are available in Greencastle Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4956+14.3%

Summary: The Greencastle Township real estate market had 56 homes for sale in March 2024, a 14.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 510
+100.0%
3 2728
+3.7%
4 1010
0.0%
5+ 78
+14.3%

Summary: The Greencastle Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 12 homes were sold or pending in Greencastle Township in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Greencastle Township, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
57 Days29 Days-49.7%

Summary: Homes in Greencastle Township had an average of 29 days on market in Mar 2024, down by 49.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 12 homes were sold in Greencastle Township; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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 18 Days Ago

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