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 seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Union Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Union Township, IN cost?

Median Sold Price

$277,400

$129/sqft

Based on all homes sold in January 2023.

Difference Since Last Month

+$140,900(+103.2%)

Key Takeaway

Homes in Union Township have sold for 103.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSDec 2022Jan 2023%
1 --
N/A
2 $57K-
N/A
3 $136K$187.5K
+37.9%
4 $296.2K$284.9K
-3.8%
5+ $119K$334K
+180.7%

Median Sold Price Compared To Nearby Cities

Jefferson Township
+233.3%
Union Township
+103.2%
Monticello
-1.1%
Lincoln Township
-21.2%

How many homes are available in Union Township, IN?

Number of Homes For Sale

Dec 2022Jan 2023%
4840-16.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 78
+14.3%
3 1914
-26.3%
4 1512
-20.0%
5+ 65
-16.7%

Number of Homes Sold

Dec 2022Jan 2023%
148-42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in Union Township has remained consistent over time.

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

About Union Township, IN

Number of homes for sale in Union Township, IN real estate market have reached 40. In January 2023 in Union Township, IN there were 16.7% less homes for sale than in December 2022. Listings spent 75 days on the market in January 2023, and had a median list price of $277,400 during the same period. This housing market listing prices have changed between January 2022 and January 2023: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 37.9% more expensive, 4 bedrooms properties prices decreased by 3.8%, prices of 5 bedrooms properties went up by 180.7%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 14.3%, number of 3 bedrooms homes decreased by 26.3%, the quantity of 4 bedrooms homes went down by 20%, volume of 5 bedrooms homes went down by 16.7%. Union Township, IN housing market in January 2023 saw over 0 listings sold above listed price, more than 4 sold at listed price and over 4 sold below.

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