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 April 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

$235,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$80,000(+51.6%)

Key Takeaway

Homes in Salem Township have sold for 51.6% more than they did a year ago.

Summary: The median home sold price in Salem Township was $235,000 in April 2024, up 51.6% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $40K-
N/A
2 $89.9K$110.4K
+22.9%
3 $166.2K$208.5K
+25.4%
4 $260K$331.6K
+27.6%
5+ $435K$276K
-36.6%

Summary: Salem 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 increased by 22.9%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 36.6%.

Median Sold Price Compared To Nearby Cities

Daleville
+104.7%
Salem Township
+51.6%
Mount Pleasant Township
+17.5%
Chesterfield
+6.5%
Monroe Township
+2.6%

Housing Supply in Salem Township, IN

How many homes are available in Salem Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1316+23.1%

Summary: The Salem Township real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 79
+28.6%
4 34
+33.3%
5+ 21
-50.0%

Summary: The Salem 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 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Salem Township in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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

Apr 2023Apr 2024CHANGE
5 Days34 Days+580.0%

Summary: Homes in Salem Township had an average of 34 days on market in Apr 2024, up by 580% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 April 2024, 5 homes were sold in Salem Township; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Salem Township, IN

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What housing markets are near Salem Township, IN?