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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wabash Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Wabash Township, IN

How much do homes in Wabash Township, IN cost?

Median Sold Price

$350,000

$162/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$60,000(+20.7%)

Key Takeaway

Homes in Wabash Township have sold for 20.7% more than they did a month ago.

Summary: The median home sold price in Wabash Township was $350,000 in October 2024, up 20.7% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $115.5K$112.4K
-2.7%
3 $290K$290K
0.0%
4 $310K$387.4K
+25.0%
5+ $495K$619.5K
+25.2%

Summary: Wabash Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25.2%.

Median Sold Price Compared To Nearby Cities

Wabash Township
+20.7%
West Lafayette
+19.4%
Shadeland
-3.4%
Union Township
-3.4%
Fairfield Township
-6.7%

Housing Supply in Wabash Township, IN

How many homes are available in Wabash Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
171197+15.2%

Summary: The Wabash Township real estate market had 197 homes for sale in October 2024, a 15.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1716
-5.9%
3 7784
+9.1%
4 5877
+32.8%
5+ 1718
+5.9%

Summary: The Wabash Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 32.8%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4255+31.0%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wabash Township, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Wabash Township in October 2024, up by 31.0% month-over-month. Of the 55 sold homes, 53% were sold under asking, 36% were sold at asking, and 11% were sold over asking.

Days on Market for Wabash Township, IN

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

Average Sale Time

Sep 2024Oct 2024CHANGE
53 Days9 Days-83.2%

Summary: Homes in Wabash Township had an average of 9 days on market in Oct 2024, down by 83.2% compared to last month.

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 Wabash Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 55 homes were sold in Wabash Township; 2% 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

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