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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamblen Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Hamblen Township, IN

How much do homes in Hamblen Township, IN cost?

Median Sold Price

$420,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$6,785(-1.6%)

Key Takeaway

Homes in Hamblen Township have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Hamblen Township was $420,000 in March 2024, down 1.6% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $535.7K$416K
-22.4%
2 $525K$475K
-9.5%
3 $330K$360K
+9.1%
4 $407.5K$730K
+79.1%
5+ --
N/A

Summary: Hamblen Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 79.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Morgantown
+33.6%
Jackson Township
+30.9%
Princes Lakes
+14.0%
Nineveh
+6.3%
Hamblen Township
-1.6%

Housing Supply in Hamblen Township, IN

How many homes are available in Hamblen Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3541+17.1%

Summary: The Hamblen Township real estate market had 41 homes for sale in March 2024, a 17.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1921
+10.5%
3 1416
+14.3%
4 24
+100.0%
5+ 00
0.0%

Summary: The Hamblen 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 10.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamblen Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Hamblen Township in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Hamblen Township, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
92 Days32 Days-65.1%

Summary: Homes in Hamblen Township had an average of 32 days on market in Mar 2024, down by 65.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 8 homes were sold in Hamblen Township; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 26 Days Ago

Newest Listings in Hamblen Township, IN

Nearby Markets to Hamblen Township, IN

What housing markets are near Hamblen Township, IN?