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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vernon Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Vernon Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Vernon Township, IN

How much do homes in Vernon Township, IN cost?

Median Sold Price

$366,150

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,770(+4.8%)

Key Takeaway

Homes in Vernon Township have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Vernon Township was $366,150 in April 2024, up 4.8% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $93K$200K
+115.1%
2 $205.5K$218.5K
+6.3%
3 $313.8K$329.9K
+5.1%
4 $393.4K$389.4K
-1.0%
5+ $417.4K$515K
+23.4%

Summary: Vernon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 23.4%.

Median Sold Price Compared To Nearby Cities

Fortville
+34.7%
Ingalls
+11.2%
Vernon Township
+4.8%
Fall Creek Township
0.1%
McCordsville
-3.9%

Housing Supply in Vernon Township, IN

How many homes are available in Vernon Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9092+2.2%

Summary: The Vernon Township real estate market had 92 homes for sale in April 2024, a 2.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 4353
+23.3%
4 3733
-10.8%
5+ 74
-42.9%

Summary: The Vernon 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 33.3%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1824+33.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vernon Township, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Vernon Township in April 2024, up by 33.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.

Days on Market for Vernon Township, IN

How long does it take to sell a home in Vernon Township, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
79 Days-301 Days-481.4%

Summary: Homes in Vernon Township had an average of -301 days on market in Apr 2024, down by 481.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 24 homes were sold in Vernon Township; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

Newest Listings in Vernon Township, IN

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