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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Township is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Union Township was a Seller's Market.

Key Takeaway

Union 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 Union Township, IN

How much do homes in Union Township, IN cost?

Median Sold Price

$290,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$52,500(-15.3%)

Key Takeaway

Homes in Union Township have sold for 15.3% less than they did a year ago.

Summary: The median home sold price in Union Township was $290,000 in April 2024, down 15.3% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $360K$184K
-48.9%
3 $290K$349K
+20.3%
4 $494K$369K
-25.3%
5+ $765.5K$350K
-54.3%

Summary: Union 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 48.9%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes decreased by 54.3%.

Median Sold Price Compared To Nearby Cities

Middle Township
+3.3%
Union Township
-15.3%

Housing Supply in Union Township, IN

How many homes are available in Union Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
87-12.5%

Summary: The Union Township real estate market had 7 homes for sale in April 2024, a 12.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 22
0.0%
4 23
+50.0%
5+ 21
-50.0%

Summary: The Union 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Union Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

Apr 2023Apr 2024CHANGE
3 Days5 Days+66.7%

Summary: Homes in Union Township had an average of 5 days on market in Apr 2024, up by 66.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Union Township; 100% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Union Township, IN

Nearby Markets to Union Township, IN

What housing markets are near Union Township, IN?