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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salem Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Salem Township, IN

How much do homes in Salem Township, IN cost?

Median Sold Price

$209,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$49,000(+30.6%)

Key Takeaway

Homes in Salem Township have sold for 30.6% more than they did a year ago.

Summary: The median home sold price in Salem Township was $209,000 in September 2024, up 30.6% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $40K$51K
+27.5%
2 $94.9K$91.4K
-3.6%
3 $159.9K$232K
+45.1%
4 $305K$267.5K
-12.3%
5+ $247K$400K
+61.9%

Summary: Salem Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 45.1%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 61.9%.

Median Sold Price Compared To Nearby Cities

Daleville
+50.0%
Salem Township
+30.6%
Chesterfield
+22.9%
Mount Pleasant Township
+18.1%
Monroe Township
-5.4%

Housing Supply in Salem Township, IN

How many homes are available in Salem Township, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3841+7.9%

Summary: The Salem Township real estate market had 41 homes for sale in September 2024, a 7.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 52
-60.0%
3 2223
+4.5%
4 912
+33.3%
5+ 13
+200.0%

Summary: The Salem 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 decreased by 60%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salem Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Salem Township in September 2024, up by 14.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Salem Township, IN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
8 Days51 Days+488.6%

Summary: Homes in Salem Township had an average of 51 days on market in Sep 2024, up by 488.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During September 2024, 8 homes were sold in Salem Township; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 14 Days Ago

Newest Listings in Salem Township, IN

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What housing markets are near Salem Township, IN?