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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pipe Creek Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Pipe Creek Township, IN

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

Median Sold Price

$155,000

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,500(+15.2%)

Key Takeaway

Homes in Pipe Creek Township have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Pipe Creek Township was $155,000 in September 2024, up 15.2% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $55K$74.1K
+34.7%
2 $117K$98.4K
-15.9%
3 $135K$155K
+14.8%
4 $175K$200K
+14.3%
5+ $205K$217K
+5.9%

Summary: Pipe Creek Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Elwood
+19.2%
Pipe Creek Township
+15.2%
Madison Township
+11.6%

Housing Supply in Pipe Creek Township, IN

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5960+1.7%

Summary: The Pipe Creek Township real estate market had 60 homes for sale in September 2024, a 1.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 910
+11.1%
3 3735
-5.4%
4 1113
+18.2%
5+ 11
0.0%

Summary: The Pipe Creek 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 increased by 11.1%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pipe Creek Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Pipe Creek Township in September 2024, down by 21.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for Pipe Creek Township, IN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
29 Days26 Days-9.8%

Summary: Homes in Pipe Creek Township had an average of 26 days on market in Sep 2024, down by 9.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Pipe Creek Township; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 12 Days Ago

Newest Listings in Pipe Creek Township, IN

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What housing markets are near Pipe Creek Township, IN?