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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ripley Township is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Ripley Township has remained a Neutral Market.

Key Takeaway

Ripley Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ripley Township, IN

How much do homes in Ripley Township, IN cost?

Median Sold Price

$163,000

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$32,000(-16.4%)

Key Takeaway

Homes in Ripley Township have sold for 16.4% less than they did a year ago.

Summary: The median home sold price in Ripley Township was $163,000 in April 2024, down 16.4% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $147.1K$145K
-1.5%
3 $200K$140K
-30.0%
4 $445K$259.9K
-41.6%
5+ $160K$199K
+24.4%

Summary: Ripley 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 1.5%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 41.6%, and 5+ bedroom homes increased by 24.4%.

Housing Supply in Ripley Township, IN

How many homes are available in Ripley Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
46+50.0%

Summary: The Ripley Township real estate market had 6 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 14
+300.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Ripley 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 remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 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 Ripley 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 Ripley Township in April 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 Ripley Township, IN

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

Average Sale Time

Apr 2023Apr 2024CHANGE
7 Days234 Days+3242.9%

Summary: Homes in Ripley Township had an average of 234 days on market in Apr 2024, up by 3242.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Ripley Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in Ripley Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 7 Days Ago

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