Is Needham Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Needham Township has remained a Seller's Market.
Housing Prices in Needham Township, IN
How much do homes in Needham Township, IN cost?
Median Sold Price
$318,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Needham Township was $318,000 in March 2024, up 8.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $275K | $270K | -1.8% |
3 Bedrooms | $259K | $282.7K | +9.2% |
4 Bedrooms | $330K | $379.9K | +15.1% |
5+ Bedrooms | $425K | $411.7K | -3.1% |
Summary: Needham Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $239.9K | $274K | +14.2% |
Franklin | $249.9K | $273.5K | +9.4% |
Needham Township | $294.2K | $318K | +8.1% |
Housing Supply in Needham Township, IN
How many homes are available in Needham Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 30 | -14.3% |
Summary: The Needham Township real estate market had 30 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 12 | 7 | -41.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Needham 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Needham Township in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Needham Township, IN
How long does it take to sell a home in Needham Township, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 83 Days | +121.5% |
Summary: Homes in Needham Township had an average of 83 days on market in Mar 2024, up by 121.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Needham Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.