Is Spencer Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spencer Township was a Neutral Market.
Housing Prices in Spencer Township, IN
How much do homes in Spencer Township, IN cost?
Median Sold Price
$244,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spencer Township was $244,000 in April 2024, up 19% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.5K | $42.4K | -70.4% |
2 Bedrooms | $224.2K | $159.5K | -28.9% |
3 Bedrooms | $179.9K | $247.4K | +37.5% |
4 Bedrooms | $270K | $359.9K | +33.3% |
5+ Bedrooms | - | $365K | N/A |
Summary: Spencer Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.4%, 2 bedroom homes decreased by 28.9%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Redding Township | $209.5K | $253.9K | +21.2% |
Spencer Township | $205K | $244K | +19.0% |
Housing Supply in Spencer Township, IN
How many homes are available in Spencer Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 47 | +30.6% |
Summary: The Spencer Township real estate market had 47 homes for sale in April 2024, a 30.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spencer Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Spencer Township in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Spencer Township, IN
How long does it take to sell a home in Spencer Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 4 Days | -90.7% |
Summary: Homes in Spencer Township had an average of 4 days on market in Apr 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Spencer Township; 88% 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.