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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Township is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Richland Township, IN

How much do homes in Richland Township, IN cost?

Median Sold Price

$54,357

$43/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$38,892(-41.7%)

Key Takeaway

Homes in Richland Township have sold for 41.7% less than they did a year ago.

Summary: The median home sold price in Richland Township was $54,357 in March 2024, down 41.7% from last year, and the median price per square foot was $43.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$85K
N/A
2 $90.4K$40.7K
-55.0%
3 $91.5K$55.7K
-39.1%
4 $100K$239.9K
+139.9%
5+ --
N/A

Summary: Richland 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 55%, 3 bedroom homes decreased by 39.1%, 4 bedroom homes increased by 139.9%, and 5+ bedroom homes did not change.

Housing Supply in Richland Township, IN

How many homes are available in Richland Township, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
128-33.3%

Summary: The Richland Township real estate market had 8 homes for sale in March 2024, a 33.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 61
-83.3%
4 11
0.0%
5+ 02
+100.0%

Summary: The Richland 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 decreased by 20%, 3 bedroom homes decreased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
71-85.7%

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 Richland 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 Richland Township in March 2024, down by 85.7% month-over-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 Richland 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 29 Days Ago

Newest Listings in Richland Township, IN

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