Is Pipe Creek Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pipe Creek Township has remained a Seller's Market.
Housing Prices in Pipe Creek Township, IN
How much do homes in Pipe Creek Township, IN cost?
Median Sold Price
$136,000
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pipe Creek Township was $136,000 in April 2024, up 0.7% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $55K | N/A |
2 Bedrooms | $109K | $100K | -8.3% |
3 Bedrooms | $145K | $140K | -3.4% |
4 Bedrooms | $189.9K | $180K | -5.2% |
5+ Bedrooms | $205K | $225K | +9.8% |
Summary: Pipe Creek Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Madison Township | $175K | $215K | +22.9% |
Elwood | $130K | $135K | +3.8% |
Frankton | $169.9K | $176K | +3.6% |
Pipe Creek Township | $135K | $136K | +0.7% |
Housing Supply in Pipe Creek Township, IN
How many homes are available in Pipe Creek Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 48 | -17.2% |
Summary: The Pipe Creek Township real estate market had 48 homes for sale in April 2024, a 17.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 26 | 22 | -15.4% |
4 Bedrooms | 13 | 7 | -46.2% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pipe Creek Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 12 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Pipe Creek Township in April 2024, down by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 36 Days | -22.4% |
Summary: Homes in Pipe Creek Township had an average of 36 days on market in Apr 2024, down by 22.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Pipe Creek Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.