Is Richland 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, Richland Township has remained a Seller's Market.
Housing Prices in Richland Township, IN
How much do homes in Richland Township, IN cost?
Median Sold Price
$214,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Richland Township was $214,500 in March 2024, up 7.2% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $161.5K | $105K | -35.0% |
3 Bedrooms | $199K | $209.9K | +5.5% |
4 Bedrooms | $255K | $340K | +33.3% |
5+ Bedrooms | - | $420K | 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 35%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Salem Township | $152.4K | $235K | +54.1% |
Mount Pleasant Township | $205K | $256.5K | +25.1% |
Richland Township | $200K | $214.5K | +7.2% |
Union Township | $199.9K | $199.9K | 0.0% |
Housing Supply in Richland Township, IN
How many homes are available in Richland Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Summary: The Richland 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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 2 | +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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Richland Township in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Richland Township, IN
How long does it take to sell a home in Richland Township, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 4 Days | -89.3% |
Summary: Homes in Richland Township had an average of 4 days on market in Mar 2024, down by 89.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Richland Township; 67% 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.