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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mill Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Mill Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Mill Township, IN

How much do homes in Mill Township, IN cost?

Median Sold Price

$148,350

$100/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$3,350(+2.3%)

Key Takeaway

Homes in Mill Township have sold for 2.3% more than they did a month ago.

Summary: The median home sold price in Mill Township was $148,350 in September 2024, up 2.3% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $140K$127K
-9.3%
3 $82K$151K
+84.1%
4 $225K$192.5K
-14.4%
5+ --
N/A

Summary: Mill Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 84.1%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fairmount Township
+144.0%
Marion
+10.2%
Gas City
+6.0%
Mill Township
+2.3%
Jonesboro
-9.5%

Housing Supply in Mill Township, IN

How many homes are available in Mill Township, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4244+4.8%

Summary: The Mill Township real estate market had 44 homes for sale in September 2024, a 4.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 2323
0.0%
4 79
+28.6%
5+ 11
0.0%

Summary: The Mill Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
420+400.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mill Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Mill Township in September 2024, up by 400.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 15% were sold at asking, and 25% were sold over asking.

Days on Market for Mill 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 7 Days Ago

Newest Listings in Mill Township, IN

Nearby Markets to Mill Township, IN

What housing markets are near Mill Township, IN?