Is Warren Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Warren Township has remained a Seller's Market.
Housing Prices in Warren Township, IN
How much do homes in Warren Township, IN cost?
Median Sold Price
$199,216
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Warren Township was $199,216 in February 2024, up 2.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.9K | $90K | -18.1% |
2 Bedrooms | $149.9K | $160K | +6.7% |
3 Bedrooms | $195K | $194.7K | -0.1% |
4 Bedrooms | $258.6K | $245K | -5.3% |
5+ Bedrooms | $302.4K | $283K | -6.4% |
Summary: Warren Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
Cumberland | $229K | $275K | +20.1% |
Warren Township | $195K | $199.2K | +2.2% |
Beech Grove | $185K | $185K | 0.0% |
Center Township | $183.1K | $180K | -1.7% |
Housing Supply in Warren Township, IN
How many homes are available in Warren Township, IN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
302 | 330 | +9.3% |
Summary: The Warren Township real estate market had 330 homes for sale in February 2024, a 9.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 50 | 58 | +16.0% |
3 Bedrooms | 175 | 191 | +9.1% |
4 Bedrooms | 59 | 64 | +8.5% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Warren Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
85 | 78 | -8.2% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Warren Township in February 2024, down by 8.2% month-over-month. Of the 78 sold homes, 49% were sold under asking, 27% were sold at asking, and 24% were sold over asking.
Days on Market for Warren Township, IN
How long does it take to sell a home in Warren Township, IN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 31 Days | -43.5% |
Summary: Homes in Warren Township had an average of 31 days on market in Feb 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 78 homes were sold in Warren Township; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.