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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Otter Creek Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Otter Creek Township was a Seller's Market.

Key Takeaway

Otter Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Otter Creek Township, IN

How much do homes in Otter Creek Township, IN cost?

Median Sold Price

$169,700

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,700(+3.5%)

Key Takeaway

Homes in Otter Creek Township have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Otter Creek Township was $169,700 in March 2024, up 3.5% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $96.4K$111.7K
+15.8%
3 $193.7K$169.9K
-12.3%
4 $210K$278.4K
+32.6%
5+ $159K-
N/A

Summary: Otter Creek 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 increased by 15.8%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Otter Creek Township
+3.5%
Harrison Township
-4.5%

Housing Supply in Otter Creek Township, IN

How many homes are available in Otter Creek Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
59+80.0%

Summary: The Otter Creek Township real estate market had 9 homes for sale in March 2024, a 80.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 45
+25.0%
4 03
+100.0%
5+ 00
0.0%

Summary: The Otter Creek 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Otter Creek Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Otter Creek Township in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Otter Creek Township, IN

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

Average Sale Time

Mar 2023Mar 2024CHANGE
24 Days-7 Days-129.2%

Summary: Homes in Otter Creek Township had an average of -7 days on market in Mar 2024, down by 129.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Otter Creek Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Otter Creek Township, IN

Nearby Markets to Otter Creek Township, IN

What housing markets are near Otter Creek Township, IN?