Is Union 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, Union Township has remained a Seller's Market.
Housing Prices in Union Township, IN
How much do homes in Union Township, IN cost?
Median Sold Price
$177,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Union Township was $177,000 in March 2024, up 4.7% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77.5K | $52.5K | -32.3% |
2 Bedrooms | $150K | $147.2K | -1.8% |
3 Bedrooms | $170.7K | $192K | +12.5% |
4 Bedrooms | $228.5K | $237.5K | +3.9% |
5+ Bedrooms | $274K | $274.1K | 0.0% |
Summary: Union Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Crawfordsville | $155K | $180K | +16.1% |
Union Township | $169K | $177K | +4.7% |
Brown Township | $160K | $160K | 0.0% |
Housing Supply in Union Township, IN
How many homes are available in Union Township, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 89 | +3.5% |
Summary: The Union Township real estate market had 89 homes for sale in March 2024, a 3.5% 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 | 23 | 19 | -17.4% |
3 Bedrooms | 43 | 45 | +4.7% |
4 Bedrooms | 14 | 19 | +35.7% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Union 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 decreased by 17.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 23 | -20.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Union Township in March 2024, down by 20.7% month-over-month. Of the 23 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% were sold over asking.
Days on Market for Union Township, IN
How long does it take to sell a home in Union Township, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 39 Days | -18.1% |
Summary: Homes in Union Township had an average of 39 days on market in Mar 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Union Township; 61% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.